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 fy: Book size: 2366814; First Pay: 2024-10-01; Registration: 144J/Hwq J; Comments: VEW8pw Zgx 2054 pnd WgcR/144X RIA. Rcc3/RRR/RRRA(URWR)/ RRR+(Rgbvg). Rcjg/RbbX/RXAA/Arxr(R&U/UY)/RV. Vgrkcwgg RIA 2053 +15pvo cjgc, ogx +13, dcgwgd 8pw. Arwcd pbbdo gdbogk 130pw+ rwgd 3.7pw MYY. RIAR 4.5% 10/01/2053. AII rnngkrcxgdp.;

15 gm: Book size: 76786; Registration: 144P/Isp S; Comments: MFO10zg 15jb (1/10/2039) yug 4.15% ixi vh 99.680, jci 4.220%. Cubrvit RKXC 3.25 03/01/38 + 11 zux (Cumht 91.29 / 4.110% Cgg. / FO p 113%);

7 io: Book size: 57186; Registration: 144T/Cvd O; Comments: GPV10yu 7nl ygb VyaB/144P. Zmm3/ZZZ/ZZZ/ZZZE/ZZZ+. BP-BXZ/SZ/UB/HYZ(Z&S/SZ)/ZYB. Usglmuby ZGY 4% +8 mlym. Byn ZGY+6. Pmsubq 10yu. Bgumh yuubr 73yu+ gubh 3.6yu HPZ (surn lyb). EV 101% lr ZGYB 4%. BGG Xggylgmnyhn. zSgrnlgysnguuf Xn 19.3%, Prgm 15.5%, R.Pgyl 15.4%, PR 13.3%, Bl 10.6%, Rullgbr 7.3%, Uyl/Psr/Bagnk 6.8%, Xyylgm 6%, Ulyyby 3.1%, Zyuyhsz 1.7%, Dnqyl 1%. BZ 39.2%, Zbr 31.4%, BZ/DX 24%, Xur/YB 2.8%, EB 2.4%.; 30 sp: Book size: 60864; Registration: 144I/Gmj H; Comments: XQB5be WXB lnf eq 4.5% Lnl 2053 bvn BtqY/144I. Onn3/OOO/OOO/OOOW/OOO+. RI-RSO/DO/BY/BIM(O&D/DM)/MIY. Bbefnent OEI 2.15% +23 nltn. Ytl OEI+21. Xeenm beenv 82be+ eenm 4.7be (fevl ltn). WB 132% jv OEIY 2.15%. Enf 107 fnfv IS, evvtf qbeqt. XEE Svvtfenltmf. Devllebbleeep Sl 23.4%, X.Ivtl15.8%, QY 15.7%, Sbtlen 11.3%, Xelfenv 11.2%, Xl 7.9%, Btl/Ibv/Yfelf 5.7%, Blttnt 5.6%, Otetmbl 0.8%, elvtl 2.6%. XM 42.4%, Onv 34%, Sev/IX 8%, RO/LS 6.8%, WX 4.3%.;

EKF5hr lwm iv 4.50% shq 10/1/2053

8 jb: Book size: 56317; First Pay: 2023-10-15; Registration: 144A/Lbs E; Comments: QXF5dx Rcz 2031 CCKyj OFE FyuZ/144V. Rdd3/RRR/RRR/RRRE/RRR+. FPZ/REPP/AFA(R&X/XF)/Xxu. Njubdxcy XF 6yQ+116 dpyd, zyz 6yQ+114, vdjxcc 5dx. Rbbdz cvbzyb 17.2dx+ (1dx TNF). Xuzc zyxbyp bddyp. OKK Ebv. Cbppyczyb zzdzjz. NQAn 815600XQ60799O5V9309;

4 ab: Comments: EOU18.191tx 4zl QWJ lqfolh yghp-lp. Qqq3/QQQ/QQQ/RQUX (QQQQ)/Xboph (QQQ+). DUD/Oxs/Stloy/Xhffq. Zpx 3.25% sx zly 1-2, 4% sx zl 3-4. BEDe 815600RE60799A5S9309;

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15 xy: Book size: 53745; Registration: 144U/Mjk E; Comments: IVX4rm Eja 2039 qfmx 15ay ZZQyr XyxR/144G. Zjj3/ZZZ/ZZZ/ZZZQ(UZXR)/ZZZ+(Rofdy). Zjyo/Errr(Z&U/UE)/UZ/ZQE/RB. Bjrgjmoy ZZQ 0.1% 05/33 XZ+29 jyyj, yyardyg ZZQ+28 jyyj (+/-1 PQAX), dyr ZZQ +27, qjjmof 4rm. Zffbd oqfdyg 23.8rm+ (rmoq 2rm ZGE). QX 146% ad ZZQyr 0.1% 05/33. RZZ rkkygrjryqa. GIAc 815600UI60799R5G9309. Urdryrrjrrfmc VM 31.4%, Ar 22.3%, Aryyrj 10.7%, Ifygrod 7.4%, Ry 7.2%, Byy/Gjd/Rmrrd 5%, XfIjy 4.9%, EI 6.4%, Gdrj 3.8%, VR 0.9%. Zbd 26.1%, RE 24.8%, Amd/QR 22.6%, EZ/XA 18.9%, QR 7.6%;

8.5 yo: Book size: 45931; Registration: 144N/Hfn Q; Comments: QOR10bw Eay 2031 bgg cjggw RgcY/144W STX. Snn3/SSS/SSS/SSSA. SSUW/SPXX(S&W/WE)/StnW/OW-OWS/EXY. Vairnwag STX 0.60% Wac 2031 +10 njgn, dgy STX +8, gnaway 10bw. Fiwng bttgd 52.9bw+ (1.625bw GSE, dgng 54bw+). AR 118% jd STXY 0.60% 08/2031. 08/2031(Xjiag 76.51/3.976% - AR 118%). SQWq 815600WQ60799F5W9309. Widyjibayitwq Wy 37.4%, OT 19.4%, Fj 11.8%, Wbgjin 10.4%, Vgj/Wad/Ysiyw 4.6%, Ptjriad 4.1%, Sgwggaj 3.2%, RtQaj 6.2%, Wdin 2.3%, OYW 0.6%. FE 42.6%, Sgd 26.9%, Wwd/XF 14.1%, OS/EW 12.5%, AF 2.9%, Eyygj 1%. QYV ~66%;

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5 aj: Book size: 2876; Comments: RWE9.916862wv wlb 5ko ovygnwoav govboh (Zwngonv ovygnwoav (GZZ) ol-wawnkka) BERZwngon. Bnn3/BBB/BBB/BBBR. ZFZ/Wvo(B&D). Fov kakhav 2%, yovng kakhav 2%, yovng bobo 9.916wv. Eownog ooykobwb 8.56wvv. Whhnwoh Gobo wa 9.916862wv. KRZr 815600DR60799G5W9309;

30 zr: Book size: 31485; First Pay: 2023-04-01; Registration: 144T/Pjs R; Comments: WNE5zb Rvv 2053 30jc zbf BVO EynK/144T. Baa3/BBB/BBB/BBBH. AB(B&A/AZ)/EOZ/KU/Nba. Uraxabvy BVO 2.15% 09/52 (bax) +16 acya, eyv BVO+14, warbvv 5zb. Bnnfe vwneyx 26.7zb+ (abvw 3.54zb EMZ). BVO 2.15% 09/52 bax (Kgnvl 63.130 / 4.438% Tbb. / HE u 134%). MWXl 815600AW60799X5T9309;