New issue of Treasury vouchers on the way. The Ministry of Economy and Finance has communicated that on 10 April it will put BOT auction at 12 months for a total of 7 billion, expiring April 14, 2026.
On the same day the annual bot offer with two -month residual duration will be reopened, issued for the first time in June last year. This is the third tranche of the location, expiring June 13, 2025, for another 1.5 billion.
The new issue
For the new annual Bot issue the reservations on the part of the public they can be carried out until Wednesday April 9thwhile the submission of applications to auction will close at 11 on Thursday 10 April.
At 15.30 the placement of the additional auction will be concluded for “specialists in government bonds”, with an amount up to 10% of the amount assigned to the ordinary auction. The date for the regulation of subscriptions is April 14, 2025.
The minimum amount of subscription of the bots is a thousand euros And each of the operators participating in the auctions can submit up to a maximum of five purchase requests. If the requests of each operator should also exceed the amount offered by the Treasury, they will be taken into consideration starting from that with the lowest return, up to the amount offered,
The Ministry led by Giancarlo Giorgetti recalls in the communication that any replacement requests of those corresponding already received are taken into consideration only if they arrive within the deadline established by the issue decree and I cannot be withdrawn after this deadline.
The calendar of April government bonds
From the issue, the MEF could therefore collect a total of 9.35 billion. In the same deadline of April 14, moreover, other annual bots will expire for 9.925 billion.
As of March 31, 2025, the total of the bots in circulation was equal to 129.68 billion, of which 25.57 billion half -yearly and 104.11 billion per year.
The Calendar of April 2025 communicated by the MEF provides for the emissions of other government bonds in auction, set at these dates:
- Friday 11 April, medium-long rod.
- Thursday 24 April, Auction BTP Short – BTP € i.
- Monday 28 April, Bot rod.
- Tuesday 29 April, medium-long rod.
The performance estimates
According to the performance estimates shown by the portal Investiggi Based on the market, the new 12 months bots should be around a Price of 98 cents For a gross yield just over 2%.
The emission of March annual bot had seen a position at auction at a price of 97.692 cents and a gross return of 2.337%.
A similar return was also expected for the bots to the third tranche with a residual life of 60 days: on Tuesday 8 April the treasure vouchers expiring on June 13 reported a price of 99,607 cents, with a yield of 2.15%.
