The new BTP Italia Yes against inflation arrives: here’s how it works and when it will be issued

John

By John

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The Treasury Department announces the placement of BTP Italia Sì, the new government bond indexed to national inflation, to be issued exclusively for individual savers and similar (the so-called market retail) from Monday 15 June to Friday 19 June 2026 at 1pm, unless early closing.

The Bond will have a duration of 5 years and half-yearly coupons calculated with a simplified mechanism, based on just two components: fixed rate – guaranteed even in the event of deflation – plus the national inflation rate recorded by ISTAT in the reference semester. The amount of the coupons will therefore be calculated by applying the sum of the two rates to the nominal capital initially invested.
The minimum guaranteed fixed rate will be communicated on Friday 12 June 2026 and may be revised, but only upwards, at the closing of the placement, based on market conditions.

BTP Italia Sì also provides an extra final premium of 0.6% of the invested capital for those who purchase it on the days of placement and keep it until maturity.

Savers will be able to subscribe to the new security through their own home bankingif enabled for the functions online tradingor by contacting your bank or the post office where you have a current account associated with a securities deposit account.

The investment can start from a minimum of 1,000 euros, always having the certainty of having the requested amount subscribed. The security is purchased at par and without commissions during the placement days, without prejudice to the costs of managing the securities account or the online trading requested and agreed with your bank where present.

The placement will take place on the MOT platform (the electronic market for bonds and government securities of the Italian Stock Exchange) through two dealer banks, Intesa Sanpaolo SpA and UniCredit SpA and two co-dealer banks, Banca Monte dei Paschi di Siena SpA and Banco BPM SpA

The usual preferential taxation is provided for all Government Bonds at 12.5% ​​on coupons and extra final premium, exemption from inheritance taxes, as well as the exclusion from the ISEE calculation of up to a total of 50,000 euros invested in Government bonds.

For information you can write to the email address (email protected) or contact your bank or post office.