By Laura Contemori – ROME (Econostream) – Italy’s Ministry of Economy and Finance (MEF) raised €8.843 billion in the first issuance of the new BTP Italia Sì retail bond, the ministry said on Friday in a press release.

The five-year inflation-linked security saw 281,140 contracts during the placement period that ran from June 15 to June 19, 2026.

MEF confirmed the definitive minimum guaranteed coupon rate at 1.60% plus the national inflation rate.

The bond, which has a first accrual date of June 23, 2026 and matures on June 23, 2031, was sold at par through the MOT electronic market operated by Borsa Italiana.

Investors who hold the security until the final maturity of 5 years will receive an additional final bonus equal to 0.6% of the invested nominal capital.

The inflation index number calculated for the settlement date was set at 102.23333.

The issuance was distributed through dealers Intesa Sanpaolo and UniCredit, supported by co-dealers Banca Monte dei Paschi di Siena and Banco BPM.

Data released later on Friday by MEF showed strong early participation, with over €3.17 billion raised on the first day, gradually reaching €744 million on the fifth and final day of the placement. Around 65.6% of contracts concluded were below €20,000 and roughly 90.3% were up to €50,000.

During the placement, demand was concentrated among retail investors, which accounted for an estimated 67% of allocations, significantly higher compared to the private banking share. Overall, almost all demand came from Italian investors.