Purchase of securities from CDP

On February 12, 2009, Terna finalised an operation for the purchase of bonds worth €700 million issued by Cassa Depositi e Prestiti.
The bonds mature on February 2, 2010 and carry a two-monthly coupon of the 2-month Euribor plus 0.65 percentage points. The arrangement allows the buyer to request early redemption at specified dates.
In April, following the acquisition of ELAT, Terna requested the early redemption of the securities, which occurred in two tranches on April 2 and April 30, 2009, with nominal values of €200 million and €500 million respectively.