The Ministry of Economy and Finance announces that the 2020 Public Debt Auction calendar – containing dates of auctions, announcements and settlements for all government securities for the new year – and the Public Debt Guidelines describing public debt management strategy and objectives for 2020 – are now available online.
Moreover, the BOT auction calendar is available, which also contains the exact maturity of the Treasury bills that will be issued during the year. The 3-month BOT will be offered, only when it is deemed necessary in relation to specific needs for liquidity management, on the same day of the 12-month BOT, following the usual communication to the market. The offering of the so-called flexible BOTs is still possible and it could be proposed to the market either at mid-month or at the end of the month.
In 2019 Italy issued 402,659 million euros of government securities, including 60.1% of medium-long term bonds and 39.9% of BOTs (Treasury bills).
The average cost at issuance in 2019 was 0.93% compared to 1.07% of 2018.
The average life at the end of 2019 is 6,87 years.
The above mentioned documents are available on the section of the Department of the Treasury devoted to Public Debt at the address www.dt.mef.gov.it/en/debito_pubblico