Reopening For Subscription Operations Tesoropoliennali 2.50% Coupons, With 1 St September 2014 Deadline And Enjoyment 1 St December 2024, Eleventh And Twelfth Instalments.

Original Language Title: Riapertura delle operazioni di sottoscrizione dei buoni del Tesoropoliennali 2,50%, con godimento 1┬░ settembre 2014 e scadenza 1┬░dicembre 2024, undicesima e dodicesima tranche.

Read the untranslated law here: http://www.gazzettaufficiale.it/atto/serie_generale/caricaArticoloDefault/originario?atto.dataPubblicazioneGazzetta=2015-02-05&atto.codiceRedazionale=15A00758&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 art. 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; Having regard to the Decree of June 5, 2013 44223, published in the Gazzetta Ufficiale della Repubblica Italiana n. 133 of June 8, 2013, which were established on an ongoing basis the characteristics and modalities of issuance of medium and long-term government bonds, issued by auction; 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. 96718 of December 7, 2012, published in the Gazzetta Ufficiale della Repubblica Italiana n. 293 of December 17, 2012, laying down rules for separation, negotiation and establishment of excluding coupons indexed to inflation component, and a nominal value repayment of government bonds; 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 26, 2015 amounts, net of repayments already made public, to 32,847 million; Having regard to its decrees on August 26, 25 September, 28 October, 25 November and December 23, 2014, with whom he's been ordered the issuance of the first tranche of ten buoni del Tesoro poliennali 2.50%, with 1 St September 2014 deadline and enjoyment 1 St December 2024; Considered appropriate, depending on market conditions, have the issue of an eleventh tranche of the aforementioned buoni del Tesoro poliennali;
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 an eleventh tranche of buoni del Tesoro poliennali 2.50%, with 1 St September 2014 deadline and enjoyment 1 St December 2024. The issuance of such tranche nominal amount is placed between a minimum of 3,000 million euros and a maximum amount of 3,500 million. The good yield of 2.50% gross annual interest, payable in two semestralita ' June 1 and 1 postponed, December each year of duration of the loan. The first coupon vouchers are issued with this Decree, being received at maturity, will not be paid. On the good thereof, as provided for by the Ministerial Decree December 7, 2012 published in Official Gazette No. 293 of December 17, 2012, can be made "coupon stripping operations┬╗. The characteristics and modalities of issuance of these securities are those defined in the Decree of June 5, 2013 44223, mentioned in the introduction, which here means entirely invoked and to which reference is made to matters not expressly provided for in this Decree.