Italy launches Btp Italia Sì retail bond with 1.60% guaranteed rate

The Italian Treasury began the issuance of the new Btp Italia Sì retail bond on 15 June, with subscriptions open until 19 June. The five‑year inflation‑linked bond guarantees an annual minimum coupon of 1.60%, paid semi‑annually and added to the national consumer‑price index (FOI). A 0.6% loyalty premium is awarded to investors who purchase the bond during the issuance week and hold it to maturity on 23 June 2031.

The bond is available only to individual savers, with a minimum purchase of €1,000 and no subscription caps. It can be bought through banks, post offices or online home‑banking and will be listed on the Mot market. The ISIN is IT0005713539. Coupons and any capital gains are taxed at 12.5%, and the bond is exempt from inheritance tax and, up to €50,000, from ISEE calculations. Investors may trade the bond before maturity under market conditions.