By Laura Contemori – ROME (Econostream) – Italy’s Ministry of Economy and Finance (MEF) on Wednesday sold €4.250 billion of a conventional Treasury bond (BTP) and an inflation-linked Treasury bond (BTPei), according to data published by the Bank of Italy.

The ministry allotted €2.5 billion in a reopening of its 2.20% BTP due February 28, 2028. Demand totaled €3.782 billion, resulting in a bid-to-cover ratio of 1.51.

The bond was sold at a price of 99.15, corresponding to a gross yield of 2.74%. Following the reopening, the outstanding amount of the bond increased to €16.9 billion.

MEF also sold €1.75 billion in a reopening of its 2.40% BTPei due May 15, 2039. Orders totaled €2.729 billion, with a bid-to-cover ratio of 1.56.

The bond was allotted at a price of 104.26 and a gross yield of 2.03%. The yield was calculated on the basis of non-revalued principal and interest.

The inflation indexation coefficient applied to the bond was 1.0851. Outstanding volume rose to €13.1375 billion after the auction.

Settlement for both lines is scheduled for June 26, 2026.