Intesa Sanpaolo sets terms on 12-year bond source.
Global Banking News-20 January 2010-Intesa Sanpaolo sets terms on 12-year bond source(C)2010 ENPublishing - http://www.enpublishing.co.uk
Global Banking News - 20 January 2010(c)2005 - Electronic News Publishing - http://www.enpublishing.co.uk
Italian bank Intesa Sanpaolo SpA (ISP.MI) has set final terms on its 12-year, GBP350m bond, Dow Jones has reported citing a person familiar with the situation.
Final price guidance on the senior, unsecured bond has been set at 110 basis points over midswaps, the person said. Banca IMI, Morgan Stanley (NYSE: MS) and Royal Bank of Scotland Group Plc (LSE: RBS) (NYSE: RBS-PP) have been hired as joint lead-managers for the transaction.
The issuer is rated 'Aa2' by Moody's Investors Service Inc, 'AA-' by Standard & Poor's Corp and AA- by Fitch Ratings.
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|Publication:||Global Banking News (GBN)|
|Date:||Jan 20, 2010|
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