Italy Plans 350 Bln-365 Bln Euros in Gross Govt Bond Issuance in 2026

Dow Jones00:07

By Emese Bartha

The Italian Treasury plans gross government bond issuance between 350 billion euros and 365 billion euros ($411.69 billion to $429.33 billion) in 2026, the Ministry of Economy and Finance said.

This amount is taking into account the EU loans planned for 2026 and cash management during the year, it said Tuesday.

The treasury's total issuance activity will be determined by the new net cash borrowing requirement of the state and the redemption of outstanding government securities that, net of treasury bills, will amount to around 256 billion euros.

The state's borrowing requirement should be around 125 billion euros, based on preliminary estimates consistent with the public finance forecasts in the Public Finance Planning Document and the Draft Budgetary Plan for 2026, it said.

The planned gross government bond issuance does not include eventual additional issuances to execute buybacks.

Write to Emese Bartha at emese.bartha@wsj.com

(END) Dow Jones Newswires

December 23, 2025 11:07 ET (16:07 GMT)

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