By Laura Contemori – ROME (Econostream) – Italy’s Ministry of Economy and Finance (MEF) on Tuesday raised €18 billion through a dual-tranche syndicated tap of its seven-year and 30-year government bonds (BTPs), with a total demand of around €238 billion.

MEF sold €13 billion of the 3.30% BTP due June 15, 2033 and €5 billion of the 4.65% BTP due October 1, 2055.

Demand for the seven-year bond reached roughly €126 billion. The bond was priced at a re-offer price of 98.597, corresponding to a gross annual yield of 3.559%.

The 30-year tranche drew about €112 billion of orders. The bond was priced at a re-offer price of 100.631, equivalent to a gross annual yield of 4.663%.

Settlement of both transactions was scheduled for June 16, 2026.

The syndicate was led by Banco Santander, BNP Paribas, BofA Securities Europe, Goldman Sachs Bank Europe SE, J.P. Morgan SE and Morgan Stanley Europe SE, with the remaining Italian government bond specialists acting as co-lead managers.

MEF said details on the demand composition would be released in a subsequent statement.