Read the untranslated law here: http://www.gazzettaufficiale.it/atto/serie_generale/caricaArticoloDefault/originario?atto.dataPubblicazioneGazzetta=2015-03-04&atto.codiceRedazionale=15A01576&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 containing provisions for separation operations, 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 February 19, 2015 amounts, net of repayments already made public to 32,339 million; Having regard to its decrees on 24 October and 25 November 23, 2012 June 8, 2011, June, 21 June and 22 August 23, 2013, February, April, July, and October 23, 2014 and 18 24, with whom she was placed the issue of the first nineteen tranche of 3.10% March 15, 2011 with jouissance buoni del Tesoro poliennali and deadline September 15, 2026 , indexed, in capital and interests, the development of the harmonised index of consumer prices (HICP) for the euro area, with the exception of tobacco products hereinafter indicated, for the purposes of this Decree as «Eurostat Index '; Considered appropriate, depending on market conditions, have a twentieth instalment 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 a twentieth instalment of 3.10% buoni del Tesoro poliennali Eurostat Index-linked (BTP € i «»), with March 15, 2011 and expires September 15, 2026 enjoyment. These securities are issued for a nominal amount of between a minimum of 500 million euros and a maximum of EUR 1,000 million. The good yield 3.10% gross annual interest, payable in two semestralita ' 15 March and 15 September postponed, for each year of duration of the loan. The first seven coupons coupons issued with this Decree, the absence of a deadline, will not be paid. On the same December 7, 2012, as provided for by the Ministerial Decree 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 fully invoked, and to which reference is made to matters not expressly provided for in this Decree; in particular, reference is made to articles 14 to 17 of the Decree.
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