Italy's Intesa Sanpaolo launches EUR1.5bn 10 year bond.
Global Banking News - 10 September 2009(c)2005 - Electronic News Publishing - http://www.enpublishing.co.uk
Italian bank Intesa Sanpaolo SpA (ISP.MI) (ISE: ISP) (OTCBB: ISNPY) has said that it has launched a EUR1.5bn subordinated lower Tier-II 10-year euro-bond.
In a filing to the Italian stock exchange, the company said that it is a fixed-rate bond with an annual five percent coupon payable on September 23 that is offered to international institutional investors and financial institutions.
The re-offer price is 99.147 percent. The bond will be listed on the Luxembourg Stock Exchange, the bank said.
Banca IMI, BNP Paribas (BNPP.PA) (LSE: BNP) (OTC: BNPQY) and Deutsche Back (NYSE: DB) (DBK.DE) are acting as joint lead managers for the bond placement.
Moody's Investors Service has an 'Aa2' rating on Intesa Sanpaolo's senior long- term debt, while Standard & Poor's and Fitch Ratings each have an 'AA-' rating.
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|Publication:||Global Banking News (GBN)|
|Date:||Sep 10, 2009|
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