Intesa Sanpaolo launched an “At1” perpetual bond on Tuesday. The total amount of the bond is equal to 1,5 billion euros, but the issue is divided into two tranches of 750 million.
Very sustained the question: as reported by the Reuters agency, the Bank has received offers for over 6,5 billion euros, of which 3 billion for the first tranche and 3,5 for the second.
There is a possibility of recall March 2028, 2031 for the first tranche, while for the second tranche, the recall would be scheduled for September XNUMX, XNUMX.
I returns they are respectively 5,5% for the first tranche and 5,875% for the second.
The operation was managed by a pool of banks made up of Credit Agricole, Deutsche Bank, HSBC, IMI, JP Morgan, Morgan Stanley and UBS.
Intesa Sanpaolo has rating Baa1 for Moody's, BBB for S&P, BBB- for Fitch and BBB High for Dbrs.
On 20 February, the bank led by Carlo Messina successfully placed two tranches of At1 perpetual securities for a total of 1,5 billion euro against a demand that reached 8 billion.
Today, in the early afternoon, the stock on the stock exchange Intesa Sanpaolo travels just below parity: -0,2%, to 1,8298 euros.
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