Issuance Of The First Tranche Of 3.25% Buoni Del Tesoro Poliennali, 1 St September 2014 Deadline With Enjoyment And 1 St September 2046, Tramiteconsorzio.

Original Language Title: Emissione della prima tranche dei buoni del Tesoro poliennali 3,25%,con godimento 1° settembre 2014 e scadenza 1° settembre 2046, tramiteconsorzio di collocamento.

Read the untranslated law here: http://www.gazzettaufficiale.it/atto/serie_generale/caricaArticoloDefault/originario?atto.dataPubblicazioneGazzetta=2015-01-23&atto.codiceRedazionale=15A00389&elenco30giorni=false&atto.tipoProvvedimento=DECRETO

The DIRECTOR GENERAL of the TREASURY Viewed the Decree of the President of the Republic December 30, 2003, # 398 on the consolidated text of laws and regulations relating to public debt, and, in particular, article. 3, where it is expected that the Minister of finance is authorized, in each financial year, to issue decrees that allow Treasure frame, among other things, borrowing operations domestically or abroad in the forms of financial products and instruments in the short, medium and long term, indicating the nominal amount, the interest rate or the criteria for determination minimum subscription amount, duration, and any other feature placement system and method; Having regard to the Ministerial Decree No. 97587 of December 23, 2014, issued pursuant to art. 3 of the aforementioned Decree of the President of the Republic No. 398 of 2003, where you define for the fiscal year 2015 objectives, limits and methods where the Treasury Department must follow in making financial transactions referred to in that article predicting that the operations themselves are arranged by the Director General of the Treasury or his delegate, the Director of the second of the Department and that in case of absence or incapacity of the latter, the above operations can be arranged by the Director General of the Treasury, even with ongoing delegation; View the determination # 100215 of December 20, 2012, by which the Director General of the Treasury has delegated the Director according to the Treasury Department to sign the decrees and acts relating to the operations; Visas, also articles 4 and 11 of Decree of the President of the Republic no repeating. 398 of 2003, regarding the dematerialization of securities; Having regard to the Ministerial Decree of April 17, 2000, n. 143, published in the Official Gazette No. 130 of June 6, 2000, with which it was adopted the regulation concerning the discipline of central depository of securities; Seen August 23, 2000 Decree, published in the Official Journal No l 204° September 2000, at which it was entrusted to Monte Titoli S.p.A. the service of central depository of securities; Having regard to the Legislative Decree of April 12, 2006, n. 163, bearing the "code of public contracts for works, services and supplies in implementation of directives 2004/17/EC and 2004/18/EC", and in particular art. 19, paragraph 1, point d) where it is established that the provisions of the code shall not apply to contracts relating to financial services in connection with the issue, sale, purchase or transfer of securities or other financial instruments; Having regard to the Ministerial Decree No. 43044 of May 5, 2004, published in the Gazzetta Ufficiale della Repubblica italiana n. 111 of May 13, 2004, laying down rules in case of delay in the settlement of transactions, swap transactions and repurchase of bonds; Having regard to the Ministerial Decree No. 96717 of December 7, 2012, published in the Gazzetta Ufficiale della Repubblica italiana n. 294 of December 18, 2012 on the introduction of collective action clauses (CACs) in government securities; Having regard to law no 191 December 23, 2014 on the approval of the budget for the fiscal year 2015, and in particular the third paragraph of art. 2, with whom he established the maximum emission of public borrowing for the year; Given that the emission amount willing to all the January 14, 2015 amounts, net of repayments already made public, to 18,163 million; Considered appropriate, depending on market conditions, have the issue of a first tranche of 3.25% with buoni del Tesoro poliennali 1 St September 2014 deadline and enjoyment 1 St September 2046; Given the opportunity to put these good placement to a consortium coordinated by financial intermediaries Citigroup Global Markets Ltd., HSBC France, JP Morgan Securities PLC, Societe ' Generale Inv. Banking and UniCredit S.p.A., in order to get the widest distribution of the loan from the investors and reduce costs resulting from ignition of the same; Given that the supply of such good will happen according to the "Offering Circular" of January 15, 2015;
Decrees: Art. 1 under and for the purposes of art. 3 of the Decree of the President of the Republic December 30, 2003, n. 398, and the Ministerial Decree of December 23, 2014, both mentioned in the introduction, it is issuing a first tranche of buoni del Tesoro poliennali, with the following characteristics: amount: 6,500 million;
start date: 1 September 2014;
deadline: 1 September 2046;
interest rate: 3.25% per annum, payable in two semestralita, the 1° March and 1 St September of each year of the term of the loan;
settlement date: January 22, 2015;
accrued interest: 143 days;
issue price: 99.707;
refund: at par;
placement fee: 0.25% of the nominal amount of the release. Under the Ministerial Decree dated December 7, 2012, cited in the introduction, this emission is subject to collective action clauses referred to "common terms of reference annexed to the Decree (Annex A).