Intesa Sanpaolo has launched on the Euromarket a new bond for one and a half billion euros. The security - at a fixed rate and with an 18-month maturity - is not intended for the Italian retail market, but for ad professional investors and international financial intermediaries. It will be traded on the Luxembourg Stock Exchange and on the OTC market.
The launch – demand reached two and a half billion – took place through the subsidiary Intesa Sanpaolo Bank Ireland plc. The coupon is 4% and the re-offer price has been set at 99,832%. The yield to maturity will be 4,132% annual.
The institutions responsible for distributing the security are Banca IMI, Deutsche Bank, Goldman Sachs International and Société Générale Corporate & Investment Banking.
