Italy based Commercial Bank Intesa Sanpaolo SpA has finalised a private placement in the EUR Floating Rate Spaghetti Bond market. The financing matures in 2030 and was executed by a single dealer.
A Spagetti bond is an EUR-denominated bond issued by an Italian entity in the Italian Domestic Bond market.
Gold users are able to click on the ISIN to check the full term sheet for this deal. IT0005588915
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| Issuer Details | |
| Issuer | Intesa Sanpaolo SpA |
| LEI | 2W8N8UU78PMDQKZENC08 |
| Industry | Bank - Commercial |
| Country | Italy |
| Issuer Description | Top Italian banking Group formed from 2001 Merger of BCI and Intesa.. Intesa Sanpaolo S.p.A. attracts deposits and offers banking and financial services. The Bank offers consumer credit, asset management, internet banking, merchant banking, securities brokerage, factoring, and lease financing services, as well as manages mutual funds. Intesa Sanpaolo operates branches throughout Italy, and offices elsewhere in Europe, Asia, and the United States.. We are a proud member of Intesa Sanpaolo, Italys strongest banking group and one of the leading banks in Euro zone in terms of market capitalization. Created through a merger of the leading Italian banks, Banca Intesa and Sanpaolo IMI, Intesa Sanpaolo is currently present in more than 40 countries all over the world.International operations of our Group are particularly focused on the region of Central and East Europe, the Mediterranean basin and North Africa, where it serves 8.4 million clients in 12 countries. The Group also provides services to corporate clients in 29 countries world-wide.Intesa Sanpaolo is committed to improving retail banking services and offering strong support to business development of its clients, as well as to the overall economic development of countries where it has presence. |
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| Trade Details | |
| Security Type | Bond |
| Amount | EUR [Login to see full details] |
| Total Amount including taps | EUR [Login to see full details] |
| Total Amount Outstanding | EUR [Login to see full details] |
| Total Order Book | EUR [Login to see full details] |
| Structure | Floating Rate |
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| It came at a spread of [Login to see full details] in the Spaghetti bond market. | |
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A Spagetti bond is an EUR-denominated bond issued by an Italian entity in the Italian Domestic Bond market.
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