BTPs: Treasury plans four new benchmark issues with maturities of 2, 5, 7 and 10 years in the third quarter -2-

Average cost of issues from January to May rose to 2.91 per cent (2.75 per cent in 2025)

, 23 June – At the end of May, the Ministry of Economy and Finance (MEF) issued medium- to long-term government bonds with a total nominal value of approximately 171.5 billion euros. During the same period, these funding operations not only covered the sector’s funding requirements

The government programme has enabled the refinancing of medium- to long-term government bonds, as well as non-domestic bonds due to mature, for a total amount of

approximately 133 billion euros, including amounts withdrawn in swap and repurchase transactions.
For the remainder of the year, from 1 June to 31 December, funding activities will need to take into account the maturities of medium- to long-term government bonds totalling approximately €128 billion, to which must be added the general government sector’s borrowing requirements for the coming months.
The average maturity of the debt as at 31 May stood at 6.96 years, a slight increase compared with the figure as at 31 December 2025 (6.92). The average cost at issue up to the end of May 2026 stood at 2.91 per cent (compared with an average of 2.75 per cent in 2025).

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