Post Stabilisation Notice

 

Date: April 22nd, 2026

Not for the distribution, directly or indirectly into the United States or any jurisdiction in which such distribution would be unlawful.

Issuer: Republic of Italy

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Post Stabilisation Notice

Further to the pre-stabilisation period announcement dated April 15th 2026, IMI - Intesa Sanpaolo (contact: IMI-Intesa Sanpaolo Syndicate Desk; telephone +39 02 7261 6502) hereby gives notice that no stabilisation (within the meaning of Article 3.2(d) of the Market Abuse Regulation (EU/596/2014)) was undertaken by the Stabilisation Manager(s) named below in relation to the offer of the following securities.

Securities:

Issuer:

Republic of Italy

Guarantor (if any):

NA

Aggregate Nominal Amount:

EUR 14bn

EUR 3.50bn

Description:

Republic of Italy 10y benchmark due
1 July 2036

Republic of Italy 20y BTP€i inflation linked due
15 February 2046

Other Offer Terms:

Italian Law
Issuer rating:
Baa2/BBB+/BBB+/AL/BBB+ (stab/pos/stab/stab/pos) by Moody's/S&P/Fitch/DBRS/Scope
ISIN IT0005706285

Italian Law
Issuer rating:
Baa2/BBB+/BBB+/AL/BBB+ (stab/pos/stab/stab/pos) by Moody's/S&P/Fitch/DBRS/Scope
ISIN IT0005706293

Stabilisation Manager(s)

IMI-Intesa Sanpaolo

 

This announcement is for information purposes only and does not constitute an invitation or offer to underwrite, subscribe for or otherwise acquire or dispose of any securities of the Issuer in any jurisdiction.

This announcement is not an offer of securities for sale into the United States. The securities referred to above have not been, and will not be, registered under the United States Securities Act of 1933 and may not be offered or sold in the United States absent registration or an exemption from registration. There has not been and will not be a public offer of the securities in the United States.

IMI - Intesa Sanpaolo