Italy launches BTp Italia Sì retail inflation‑linked bond

Italy will issue its first BTp Italia Sì retail bond, an inflation‑linked government security offered to individual savers. The issuance runs from 15 June to 19 June 2026, with a five‑year maturity in 2031.

The bond pays semi‑annual coupons composed of a fixed component and an inflation component based on the ISTAT FOI index. A guaranteed minimum annual rate will be announced on 12 June, with analyst forecasts between 1.80% and 1.90%. An extra final bonus of 0.6% is granted to investors who hold the bond to maturity. The minimum purchase amount is €1,000, tax on capital gains is 12.5%, and no purchase commissions apply. Investors can buy the bond through banks, post offices or online home‑banking platforms, with dealers including Intesa Sanpaolo, UniCredit, Monte dei Paschi di Siena and Banco BPM.