The Italian Ministry of Economy and Finance informs that Treasury Bills (BOTs) auctions for 2012 will be held according to the attached calendar.
The 3 month Bills will be issued only for specific cash needs. In this case, auctions shall be held on the 12 month BOT auction dates, following the usual procedures for communication to the market.
Finally, the Treasury may issue the so-called "flexible" Bills, that are not included in the calendar.
| Month | Auction | Term | Announcement Date | Auction Date | Settlement Date | Maturity | Days |
|---|---|---|---|---|---|---|---|
| JANUARY | half month | 12 month | 09 January 2012 | 12 January 2012 | 16 January 2012 | 14 January 2013 | 364 |
| JANUARY | end of month | 6 month | 24 January 2012 | 27 January 2012 | 31 January 2012 | 31 July 2012 | 182 |
| FEBRUARY | half month | 12 month | 08 February 2012 | 13 February 2012 | 15 February 2012 | 14 February 2013 | 365 |
| FEBRUARY | end of month | 6 month | 22 February 2012 | 27 February 2012 | 29 February 2012 | 31 August 2012 | 184 |
| MARCH | half month | 12 month | 08 March 2012 | 13 March 2012 | 15 March 2012 | 14 March 2013 | 364 |
| MARCH | end of month | 6 month | 23 March 2012 | 28 March 2012 | 30 March 2012 | 28 September 2012 | 182 |
| APRIL | half month | 12 month | 05 April 2012 | 11 April 2012 | 16 April 2012 | 12 April 2013 | 361 |
| APRIL | end of month | 6 month | 20 April 2012 | 26 April 2012 | 30 April 2012 | 31 October 2012 | 184 |
| MAY | half month | 12 month | 08 May 2012 | 11 May 2012 | 15 May 2012 | 14 May 2013 | 364 |
| MAY | end of month | 6 month | 24 May 2012 | 29 May 2012 | 31 May 2012 | 30 November 2012 | 183 |
| JUNE | half month | 12 month | 08 June 2012 | 13 June 2012 | 15 June 2012 | 14 June 2013 | 364 |
| JUNE | end of month | 6 month | 22 June 2012 | 27 June 2012 | 29 June 2012 | 31 December 2012 | 185 |
| JULY | half month | 12 month | 09 July 2012 | 12 July 2012 | 16 July 2012 | 12 July 2013 | 361 |
| JULY | end of month | 6 month | 24 July 2012 | 27 July 2012 | 31 July 2012 | 31 January 2013 | 184 |
| AUGUST | half month | 12 month | 08 August 2012 | 13 August 2012 | 15 August 2012 | 14 August 2013 | 364 |
| AUGUST | end of month | 6 month | 24 August 2012 | 29 August 2012 | 31 August 2012 | 28 February 2013 | 181 |
| SEPTEMBER | half month | 12 month | 07 September 2012 | 12 September 2012 | 14 September 2012 | 13 September 2013 | 364 |
| SEPTEMBER | end of month | 6 month | 21 September 2012 | 26 September 2012 | 28 September 2012 | 28 March 2013 | 181 |
| OCTOBER | half month | 12 month | 05 October 2012 | 10 October 2012 | 15 October 2012 | 14 October 2013 | 364 |
| OCTOBER | end of month | 6 month | 24 October 2012 | 29 October 2012 | 31 October 2012 | 30 April 2013 | 181 |
| NOVEMBER | half month | 12 month | 08 November 2012 | 13 November 2012 | 15 November 2012 | 14 November 2013 | 364 |
| NOVEMBER | end of month | 6 month | 23 November 2012 | 28 November 2012 | 30 November 2012 | 31 May 2013 | 182 |
| DECEMBER | half month | 12 month | 07 December 2012 | 12 December 2012 | 14 December 2012 | 13 December 2013 | 364 |
| DECEMBER | end of month | 6 month | 20 December 2012 | 27 December 2012 | 02 January 2013 | 28 June 2013 | 177 |