The Republic of Italy has mandated BNP Paribas, Crédit Agricole Corp. Inv. Bank, Deutsche Bank A.G., NatWest Markets N.V. and UniCredit S.p.A for a new syndicated BTP Green due 30 October 2037.

BTP Green are Italian government bonds whose proceeds are used to finance initiatives within the State Budget (tax incentives and expenditures) with positive environmentally impacts. The relevant Green Bond Framework was published on 25^th of February 2021 and defines the environmental categories financed, in line with the six environmental objectives outlined by the European Taxonomy of sustainable activities and the United Nations Sustainable Development Goals (SDGs).

The size of green eligible expenditures to be financed through the proceeds of the BTP Green issuances in the year 2024, including the reopening through auction of the BTP Green 2031 that took place in March 2024, are comprised between 11.5 and 13.5 billion Euros.

Concerning the time horizon, the period considered is represented by a four-year period including the current year and the previous three years, but the relative weight is mostly concentrated on expenditure incurred during 2023 and 2024.