The issue is of a benchmark nature, therefore with a funding target of at least 500 million euro, while the initial price guidance is in the area of 170 basis points above the midswap rate.
Intesa Sanpaolo launched an eight-year senior unsecured bond this morning. The issue is of a benchmark nature, therefore with a funding target of at least 500 million euro, while the initial price guidance is in the area of 170 basis points above the midswap rate.
The banks appointed to manage the issue as lead manager are Banca Imi, Citi, Deutsche Bank, Goldman Sachs and MorganStanley.
By mid-morning, Intesa Sanpaolo's share on the Stock Exchange gained 1,7%.
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