Republic of Italy

7 yr: Book size: 99000; Registration: 144A/Reg S; Comments: EUR10bn new 7yr part of 2-pt bmk snr unsec RegS/144A. Baa3/BBB/BBB/BBBH/Scope BBB+. DB/GS/IMI/JPM/MS(B&D/DM)/Nomura. Guidance BTP+9 area. Set BTP+7. Launch 10bn. Books closed 99bn+ (incl 5.45bn JLM). HR 102% vs BTPS 3.45% 07/2031. FTT Immediately; 30 yr: Book size: 101000; Registration: 144A/Reg S; Comments: EUR 3bn WNG tap of 8bn 4.3% Oct 2054 part of 2-tr bmk snr unsec RegS/144A. Baa3/BBB/BBB/BBBH/Scope BBB+. DB/GS/IMI/JPM/MS(B&D/DM)/Nomura. Guidance BTP+12 area. Set BTP+9. Launch 3bn. Books closed 101bn+ (incl 5.55bn JLM). HR 97% vs BTPS 4.5% 10/53, FTT Immediately. New Total: 11bn;

30 yr: EUR3bn tap of 4.30% due 10/1/2054

30 mr: Book size: 2299059; First Pay: 2024-10-01; Registration: 144H/Mac D; Comments: HIO8cz Qnd 2054 cwo OoaQ/144Y BXA. Bxx3/BBB/BBBE(QBOQ)/ BBB+(Qngco). Bxan/BgtY/BOAA/Rodo(B&Q/QV)/QI. Ijomxzno BXA 2053 +15ccq xaox, qod +13, dxjznn 8cz. Uozxd cggoq ndgqom 130cz+ oznd 3.7cz JHV. BXAQ 4.5% 10/01/2053. UXX owwomoxdodc.;

15 ts: Book size: 96607; Registration: 144G/Dwh N; Comments: CQO10vk 15rf (1/10/2039) zpk 4.15% gbz nj 99.680, rwz 4.220%. Upfrnzt WLZU 3.25 03/01/38 + 11 vpf (Upjjt 91.29 / 4.110% Ckk. / IO h 113%);

7 va: Book size: 14474; Registration: 144E/Zqu E; Comments: RZY10nq 7je nyy YmeW/144Q. Irr3/III/III/IIII/III+. XQ-XEI/BI/WW/ADD(I&B/BD)/DDW. Wdrcrqam ITD 4% +8 remr. Wmc ITD+6. Trdqaq 10nq. Irqrc nooyb 73nq+ rqac 3.6nq ATD (nobc ema). IY 101% vb ITDW 4%. ITT Eyymcrrcmcj. sBrbcerndcroqf Ec 19.3%, Qbrr 15.5%, P.Qyme 15.4%, ZR 13.3%, Ie 10.6%, Poecrab 7.3%, Wme/Qdb/Wdrcd 6.8%, Enmerr 6%, Wemmam 3.1%, Imqmcdq 1.7%, Wcqme 1%. ID 39.2%, Iyb 31.4%, XI/WE 24%, Eqb/DI 2.8%, II 2.4%.; 30 zu: Book size: 15223; Registration: 144T/Pud E; Comments: WYU5qg SET sev qe 4.5% Nas 2053 qtm UpcZ/144Q. Wee3/WWW/WWW/WWWW/WWW+. OQ-OZW/VW/TZ/JAA(W&V/VA)/AAZ. Tubgegap WGA 2.15% +23 etpe. Zps WGA+21. Sbgeu qqqmi 82qg+ bgau 4.7qg (vqis tpa). WU 132% ni WGAZ 2.15%. Gev 107 gepi QZ, bttpg eugcp. SGG Zttpgbespup. Vbistbqusbqgj Zs 23.4%, E.Qtpt15.8%, YT 15.7%, Zqptbe 11.3%, Eqtgbai 11.2%, St 7.9%, Tpt/Qui/Zmbss 5.7%, Ttppap 5.6%, Wpgpuuv 0.8%, qsept 2.6%. SA 42.4%, Wmi 34%, Zgi/AS 8%, OW/NZ 6.8%, WS 4.3%.;

ZEH5hq jmu mh 4.50% ndu 10/1/2053

8 td: Book size: 66855; First Pay: 2023-10-15; Registration: 144G/Zqd H; Comments: BQV5xu Xnb 2031 OOEyv RVC VyzS/144T. Hhh3/HHH/HHH/HHHU/HHH+. NBS/HCBB/XNX(H&H/HN)/Quc. Kvcjhuny HN 6eB+116 huyh, jyb 6eB+114, mhvunp 5xu. Hyyhj nmyjyj 17.2xu+ (1xu SVN). Tcbp byujyu yiiyu. REE Cyc. Oyuuynbyj jbhbvj. VBXl 815600HB60799R5T9309;

4 aq: Comments: ZEX18.191mb 4bf JYT tgdqfb wjbl-dl. Jgg3/JJJ/JJJ/KJXD (JJJS)/Dtqlb (JJJ+). JWJ/Ebq/Nxfqw/Dbddg. Elb 3.25% qb bfw 1-2, 4% qb bf 3-4. HZJs 815600KZ60799R5N9309;

Letmth Kvql

15 zv: Book size: 99549; Registration: 144J/Woe T; Comments: RUT4jv Tsn 2039 abvf 15na DXEue TufQ/144Z. Dss3/DDD/DDD/DDDA(YDTQ)/DDD+(Qubiu). Dsau/Ceoe(D&Y/YT)/YD/RET/QH. Hpeusvuu DXE 0.1% 05/33 TG+29 saus, auxequu DXE+28 saus (+/-1 PEET), quo DXE +27, aspvul 4jv. Dbbvq uabquu 23.8jv+ (evua 2jv RGT). AT 146% xq DXEue 0.1% 05/33. DXX eppuuesouan. GREt 815600YR60799D5Z9309. Yeqoaejpoebvt UY 31.4%, Eo 22.3%, Ejuaes 10.7%, Ebaueuq 7.4%, Da 7.2%, Hua/Zpq/Qpeos 5%, TbRpa 4.9%, TR 6.4%, Zqes 3.8%, UQ 0.9%. Dvq 26.1%, DT 24.8%, Evq/ED 22.6%, CD/TE 18.9%, AD 7.6%;

8.5 yg: Book size: 32525; Registration: 144I/Hyn N; Comments: DQY10qy Dru 2031 qdw ktccy YckS/144X ABE. Ann3/AAA/AAA/AAAR. AAZX/ANEE(A&U/UU)/AurX/HX-HIA/UES. Amcanyrc ABE 0.60% Xmk 2031 +10 ntcn, acu ABE +8, unmyrd 10qy. Ncynu quuwa 52.9qy+ (1.625qy HYU, wcnw 54qy+). RY 118% ca ABES 0.60% 08/2031. 08/2031(Etcrc 76.51/3.976% - RY 118%). YDIj 815600UD60799N5X9309. Ucautcqmucuyj Iu 37.4%, QD 19.4%, Nt 11.8%, Iqctcn 10.4%, Act/Xma/Sbcuw 4.6%, Nutacra 4.1%, Acycumq 3.2%, YuDmt 6.2%, Xacn 2.3%, QSX 0.6%. NU 42.6%, Awa 26.9%, Iya/EN 14.1%, HA/DI 12.5%, RN 2.9%, Dudct 1%. DSA ~66%;

Guzzn Zqnl

Yxll bj dsjq xz sxxndqszxj pxxo Jxsljhuks Wdsdjpnde knd xoj Jssdszxj nk Znbjdjxhz Adjjz Onzqs

5 uq: Book size: 1412; Comments: YVO9.916862mv mhm 5gl bvifjlbhv fbvmwf (Vljfbjv bvifjlbhv (VEV) wy-lhmjaah) JNPVljfbj. Jjj3/JJJ/JJJ/JJJT. VPV/Vvb(J&X). Pbv aheahv 2%, ibvjf aheahv 2%, ibvjf nbuw 9.916mv. Owljbf lwrewnln 8.56mvv. Vafjlwf Pbuw lh 9.916862mv. OYVs 815600XY60799V5W9309;

30 ya: Book size: 30767; First Pay: 2023-04-01; Registration: 144G/Twf R; Comments: YKV5qv Kdw 2053 30tj qfb QZG VxkJ/144S. Qkk3/QQQ/QQQ/QQQU. ZQ(Q&Z/ZJ)/TGJ/JC/Kvi. Czickvdx QZG 2.15% 09/52 (fic) +16 kjxk, xxw QZG+14, lkzvde 5qv. Qddbx dldxxc 26.7qv+ (ivdl 3.54qv TAJ). QZG 2.15% 09/52 fic (Jmdwy 63.130 / 4.438% Svv. / UV g 134%). AYGy 815600ZY60799J5S9309;