Early price indications are in the area of 58 basis points above midswap – the bond is expected to get an “Aa2” rating from Moody's.
This morning Intesa Sanpaolo launched a benchmark issuance of 10-year covered bonds denominated in euros. The first price indications – writes the Radiocor agency – are in the area of 58 basis points above the midswap.
The bond is expected to obtain an “Aa2” rating from Moody's. The placement is managed as lead manager by Banca Imi, Deutsche Bank, HSBC, Natixis, RBS and UniCredit.
FIRSTonline is an independent web journal of economics, finance and stock exchange published by AL Iniziative Editoriali Srl with registered office in Rome, founded and controlled by Ernesto Auci e Franco Locatelli and owned by two minority shareholders (Alessandro Pavesi and Laura Rovizzi). The portal and its applications are created in daily life by two agile editorial offices, one in Milan and one in Milan Rome, and by an innovative and effective team of innovation and web managers.
