Overview
- The Treasury has launched Btp Italia Sì, which will be offered to retail investors from June 15 to June 19, 2026, through banks, post offices and enabled online platforms.
- Coupons will be paid every six months and calculated as a guaranteed minimum fixed rate plus Italy's ISTAT inflation for the relevant semester, and the Treasury will announce the minimum fixed rate on June 12, 2026.
- Investors who buy during the placement and hold to maturity will receive a final loyalty premium equal to 0.6% of invested capital.
- The issue keeps familiar retail terms: a €1,000 minimum subscription, purchase at par with no placement commissions during the window, placement on Borsa Italiana's MOT and dealers named for execution by Intesa Sanpaolo, UniCredit, MPS and Banco BPM.
- Launched against a backdrop of rising Italian and euro-area inflation, the bond gives small savers a simple inflation hedge and could shift more household savings into government debt while the June 12 fixed-rate decision will shape final investor returns.