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Issuance Plans 2021 (3/3)

ITALY
  • BTP Italia: No maturing issues this year, undecided whether there will be a new issue but it will have a 4-8 year maturity if issued. Loyalty bonus retained for retail only.
  • BTP Futura: At least one new issue with a minimum maturity of 8-years. Will remain retail only with loyalty bonus.
  • Mid-month auctions will consist of 3-year BTPs, 7-year BTPs, 15-30-year BTPs.
  • End-month auctions will consist of CTZ/BTP Short Term, CCTeu, BTPei, 5-year BTPs, 10-year BTPs.
  • 50-year BTPs and other issues can be issued depending on demand.
  • For bills, 6-month BOTs will be issued every month-end, 12-month BOTs will be issued every mid-month, 3-month BOTs will be issued depending on cash requirements mid-month and Flexible BOTs can be issued either mid-month or end-month depending on cash requirements.

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