Capitalisation Rate definition
Capitalisation Rate means: the annual interest rate calculated as the average, in the period between March 2013 and the last month prior to the Delivery Date, of the yield on Italian government bonds with terms of between 8 (or closer) and 12 (or closer) years, as recorded and published by the Bank of Italy ("Rendistato"). The arithmetic mean of the Rendistatos shall be computed by using Bank of Italy monthly statistics. In the event that such rate is not available, a similar rate for the same term from another monetary authority shall be used.
Capitalisation Rate means 7.00 per cent.;
Capitalisation Rate has the meaning provided in Condition 3;