In a press release to the press, the Ministry of Economy and Finance announced the dates of the issue and placement of two different types of Btp and a Ccteu Between the end of April and the beginning of May 2025. These are medium or long -term government bonds, duration between 5 and 10 years.
The novelty between these government bonds is the BTP at 10 years which will be issued on May 2nd. The Ministry has also made the coupons and annualized rates of these titles known, all in the course of issue, and with deadlines starting from 2030. The chosen placement mechanism is that of the marginal auction.
The new 10 -year BTP
The Ministry of Economy and Finance has communicated the issue of a new 10 -year BTP, with ISIN code still to be attributed. The May 2, 2025together with the fifth issue of the BTP at 5 years old and the ninth of the acceteu at 7 years old. Its characteristics will be:
- deadline on 1 October 2035;
- annual coupon of 3.60%;
- First coupon on October 1, 2025.
The first coupon for these government bonds will be liquidated with the legislation of the short coupon. The gross rate will be equal to 1.495082%, corresponding to a period of 152 days on a semester of 183
The calendar of subscription operations
In the press release of the Ministry of Economy and Finance are highlighted 4 dateswhich represent the most important deadlines for the signing of the medium and long term government bonds:
- April 28, 2025, the period valid for the reservation of government bonds by the public ends;
- April 29, 2025, at 11:00, is the deadline for submitting applications to auction;
- April 30, 2025, by 15:30, the submission of the extra auction applications must be concluded within this time;
- 2 May 2025, the regulation of subscriptions will be carried out.
The Ministry has also specified that “on the date provided for the regulation, the subscriber will pay the amount corresponding to the assigned securities, on the basis of the award price, as well as the dieticians of interest due; in the face of this payment, it will be issued a specific receipt”.
The other government bonds available between April and May
Between the end of April and the beginning of May 2025, three medium and long -term government bonds will be auctioned that will be available to operators Specialists in government bondsin addition to the new 10 -year BTP:
- BTP 5 years, ISIN IT0005637399, a multi -year treasure voucher issued on March 3, 2025, with an annual coupon of 2.95% and a deadline on 1 July 2030. The payment of the first coupon will take place on 1 July 2025 (short coupon);
- CCTEU 7 years, Isin IT0005620460 with emission on October 15, 2024 and deadline on April 15, 2033
Also for the BTP at 5 yearsas for the 10 -year BTP, there will be a short coupon with a gross rate of 0.979901% corresponding to a period of 120 days on a semester of 181.
