The insurance group controlled by Intesa Sanpaolo has entrusted a pool of banks with the placement of a 2 million euro 5-year Tier500 subordinated bond – The pricing of the issue is expected for today.
Intesa Sanpaolo Vita has mandated a pool of banks made up of IMI, Bank of America Merrill Lynch, HSBC, Morgan Stanley and UBS for the placement of a 2-year Tier5 subordinated bond of 500 million euro.
The pricing of the issue of the Intesa Sanpaolo subsidiary in the insurance branch is expected during the day: the first indications speak of a yield of around 400 basis points above the midswap.
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