Italy’s Ministry of Economy and Finance announced the completion of a new green bond offering, raising €8 billion to finance projects with a positive environmental impacts, in areas including renewable energy, energy efficiency and clean transport.
The ministry reported strong demand for the new 12-year green bond, with the offering more than 13x oversubscribed, and an order book exceeding €110 billion. The offering received orders from more than 330 investors across 35 countries, with approximately 75% from foreign investors. ESG investors accounted for approximately 80% of the placement, the ministry added.
The offering follows the release in late 2025 of Italy’s new Green Bond Framework, which included updated criteria for identifying and reporting environmentally sustainable expenditures, and aimed to criteria for identifying and reporting environmentally sustainable expenditures.
The green bond framework outlines 6 categories for eligible use of proceeds, including Renewable energy, Energy efficiency, Clean transport, Measures for climate and environmental resilience, Protection of the environment, water and biological diversity, and Environmental research. The ministry said that funds from the new offering will be allocated across all six categories, while the main components will target energy efficiency interventions for buildings and the transport category.
Lead managers on the issuance included, Barclays, BNP Paribas, Deutsche Bank, Intesa Sanpaolo, JP Morgan and Société Générale.
