Annual BOTs worth 8 billion will go up for auction mid-month. The Mef communicates this, recalling that applications must be submitted by January 10th.
Public Debt: dual tranche issue of a new 10-year BTP and a new 20-year Green BTP
The Treasury Department has entrusted to a pool of banks, including Banca Monte dei Paschi di Siena SpA, BNP Paribas, Citibank Europe Plc, Crédit Agricole Corp. Inv. Bank, NatWest Markets NV And UniCredit SpAthe mandate for the issuance of a dual tranche. The operation involves the placement, through a syndicate, of a new one Ten-year BTP with expiration August 1, 2035 and a BTP Green with expiration April 30, 2046for a maximum amount of 5 billion euros (no growth).
BTP Green: Sustainable Financing
THE BTP Green they are financial instruments intended to support initiatives of the Italian state with positive environmental impactsfinancing ed. expenses tax incentives of the public budget. The release scheduled for 2025 will allocate the funds raised to the six categories defined in Reference framework for the issuance of Green Government bonds.
The main resources will be allocated to:
- Energy efficiency of buildingswith a focus on energy requalification of real estate.
- Sustainable transportincluding:
- Investments in railway infrastructure.
- Electrification of railway routes.
- Promotion of means of transport with low environmental impact.
- Contributions for railway mobility.
Time horizon of expenses
Although the Reference framework allows expenses from the last three years to be included, most of the funds will be allocated to interventions carried out between 2024 and 2025.
Incoming transaction
The issuance will take place based on market conditionswith the aim of guaranteeing an optimal positioning for Italy on international markets.