Overview
- The retail placement opened on Monday, June 15 and drew orders of about €3.17 billion from roughly 95,000 subscriptions on the first day.
- Btp Italia Sì is a five‑year, retail‑only bond (ISIN IT0005713539) with issue date 23 June 2026 and maturity 23 June 2031.
- The bond guarantees a 1.6% real annual minimum, pays inflation compensation via semestral coupons linked to ISTAT Foi, and awards a 0.6% loyalty bonus at maturity for holders who keep the bond to 2031.
- Interest is taxed at a reduced 12.5% and the Treasury will repay nominal capital at maturity because inflation gains are paid in coupons rather than added to principal.
- The offer has a €1,000 minimum, no allocation caps, and is sold through banks, post offices and home‑banking with Intesa Sanpaolo and UniCredit as lead dealers; strong early demand reflects higher inflation expectations after recent energy shocks and central bank rate moves.