Intesa Sanpaolo €1.25 billion 7.75% AT1 notes issue

Overview:

• Intesa Sanpaolo has issued €1.25 billion in AT1 notes.
• The notes have a fixed rate of 7.75% per annum and the compounded yield to maturity is 7.90% per annum.
• The notes will be issued to international institutional investors.
• Banca IMI, Barclays, BNP Paribas, Credit Suisse, Goldman Sachs and HSBC acted as joint lead managers.

Sam Duke - Editor