固定收益 · 2026 意大利政府债券发行

2026 Italian Government Issuance 28 August 2026 Produced by the Intesa Sanpaolo SpA Research Department Appendix Analyst Certification The financial analysts who prepared this report, and whose names and roles appear on the first page, certify that: (1) The views expressed on companies mentioned herein accurately reflect independent, fair and balanced personal views; (2) No direct or indirect compensation has been or will be received in exchange for any views expressed. Specific disclosures The analysts who prepared this report do not receive bonuses, salaries, or any other form of compensation that is based upon specific investment banking transactions. Important Disclosures This research has been prepared by Intesa Sanpaolo SpA and distributed by Intesa Sanpaolo SpA , Intesa Sanpaolo SpA - London Branch (a member of the London Stock Exchange) and Intesa Sanpaolo IMI Securities Corp . (a member of the NYSE and FINRA). 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As for the disclosures, please note that one or more of the companies of Intesa Sanpaolo Banking Group: ◼ trade or may trade as a principal in the securities (or in related derivatives) that are the subject in this report; ◼ plan to solicit investment banking business or intend to seek compensations from the securities that are the subject of this report in the next three months. Furthermore, in accordance with the aforesaid regulations, the specific company - related disclosures of the Intesa Sanpaolo Banking Group’s interests and conflicts of interest are available through webpage https://group.intesasanpaolo.com/en/research/RegulatoryDisclosures/archive - of - intesa - sanpaolo - group - s - conflicts - of - interest . The conflicts of interest published on the internet site are updated to at least the day before the publishing date of this r eport. Intesa Sanpaolo SpA acts as market maker in the wholesale markets for the government securities of the main European countries and also acts as Government Bond Specialist, or in comparable roles, for the government securities issued , among others , by the Republic of Italy. 2026 Italian Government Issuance 28 August 2026 Produced by the Intesa Sanpaolo SpA Research Department Intesa Sanpaolo SpA Research Department – Head of Research Gregorio De Felice Macroeconomic Analysis Luca Mezzomo (Head) luca.mezzomo@intesasanpaolo.com Rates, FX & Commodities Research Chiara Manenti (Head) chiara.manenti@intesasanpaolo.com Sergio Capaldi (Rates) sergio.capaldi@intesasanpaolo.com Asmara Jamaleh (FX) asmara.jamaleh@intesasanpaolo.com Daniela Corsini (Commodities) daniela.corsini@intesasanpaolo.com