As a member of the European Union and the International Energy Agency (IEA), Italy has the obligation to maintain oil product stocks to ensure supplies in case of a national or international crisis, in accordance with Directive UE 2009/119/CE that provides the member states’ obligation to maintain oil product stocks to ensure supplies in case of a national or international crisis.
Legislative Decree no. 249 dated 31 December 2012 introduced the new procedures to maintain and manage the petroleum emergency stocks and provided for the creation of the Organismo Centrale di Stoccaggio Italiano (OCSIT), whose activities and functions have been entrusted to Acquirente Unico S.p.A., under the surveillance of the Ministry of Economic Development.
NOTICE
04/02/2026 - Acquirente Unico: Successfully issued a 7-year bond
Acquirente Unico, the company in charge of holding Italy’s strategic petroleum reserves through the Central Stockholding Entity (OCSIT), today issued a €600 million bond with a 7-year maturity and an annual coupon of 3.5%, placed with Italian and international institutional investors.
The bond was issued at a spread of 45 bps spread over the Italian government bond (BTP) of the same maturity, registered investor demand of about 4x the amount issued and the issuance is intended to finance the purchase of petroleum reserves for the development of OCSIT’s industrial plan, as well as to repay the existing expiring bond.
The issuer has been assigned a BBB+/positive rating by S&P, equivalent to that of the Italian Republic.
The transaction was managed by Intesa Sanpaolo ( IMI CIB Division), BNP Paribas, Crédit Agricole CIB, Mediobanca, and Unicredit.
The Chief Executive Officer, Professor. R. Giuseppe Moles expressing great satisfaction with the operation, also on behalf of the Board of Directors, thanked the banks that managed the issuance as well as the investors for their confidence.
