RU IT EN

Electronic banking

Contact us

8 800 2008 008

Branches ATMs

Intesa Sanpaolo launches a €1 billion 5-year benchmark eurobond

Turin - Milan, April 11th 2014 – Today Intesa Sanpaolo has launched a €1 billion senior unsecured benchmark eurobond targeted at international markets. It is a 5-year, floating-rate issue under the Euro Medium Term Notes Programme of Intesa Sanpaolo.

The coupon, payable quarterly in arrears on April 17th, July 17th, October 17th and January 17th of each year from and including July 17th 2014 up to the maturity date, is equal to 3-month Euribor plus 105 basis points per annum.

The re-offer price is 99.756%.

Considering the re-offer price, the yield to maturity for the investor is equal to 3-month Euribor plus 110 basis points per annum.

Settlement is due on April 17th 2014.

Minimum denomination of the bond issue is 100 thousand Euro and one thousand Euro thereafter.

The bond is not offered to the Italian retail market; it is distributed to international institutional investors and financial institutions. It will be listed on the Luxembourg Stock Exchange and, as usual, traded Over-the-Counter.

Banca IMI, Credit Suisse, Morgan Stanley and Royal Bank of Scotland act as joint lead managers for the placement of the bond.

The ratings assigned to Intesa Sanpaolo’s senior long-term debt are: Baa2 by Moody’s, BBB by Standard & Poor’s, BBB+ by Fitch and A (low) by DBRS.

All press-releases

Your browser is outdated! The site will not work properly. To fix this problem, click here

×