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-Intesa Sanpaolo sets prices for its EUR1.25bn bond issue.

Global Banking News-October 28, 2010--Intesa Sanpaolo sets prices for its EUR1.25bn bond issue(C)2010 ENPublishing - http://www.enpublishing.co.uk

Global Banking News - 28 October 2010(c)2005 - Electronic News Publishing - http://www.enpublishing.co.uk

Italy's Intesa Sanpaolo SpA (ISE: ISP) (ISP.MI) (OTCBB: ISNPY) has priced its previously planned EUR1.25bn, eight-year bond, Dow Jones has reported, citing one of the banks managing the transaction.

The bond, which will mature on November 8, 2018, has a coupon of four percent and spread of 143 basis points over mid swaps, as against the initial guidance set at 145-150 basis points over mid-swaps. The issue is rates 'Aa2' by Moody's Investor Service.

Bank of America Merrill Lynch (NYSE: BAC), Barclays Plc (LSE: BARC) (NYSE: BCS), Banca IMI (IMI.I), Credit Suisse AG (NYSE: CS) (ZHR: CSGN) (CSGN.VX) and Societe Generale SA (SocGen) (SOGN.PA) (OTC: SCGLY) (GLE.FR) are lead managers on the transaction.

[Editorial queries for this story should be sent to gbn@enpublishing.co.uk]

((Distributed via M2 Communications - http://www.m2.com))

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Publication:Telecomworldwire
Date:Oct 28, 2010
Words:178
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