Milano, 02 February 2005

Today, Banca Intesa has launched on the international markets a 1 billion euro bond issue under its Medium Term Notes programme.

It is a five-year, Senior, floating rate Euro Medium Term Notes issue with a quarterly coupon of three-month Euribor plus 10 basis points.

The issue price is 99.761%.

Considering that it was issued below par, total spread for the investor is three-month Euribor plus 15 basis points.

Settlement is due on 11th February.

The bond is not offered to the Italian retail market but is distributed to international institutional investors and financial institutions. It will be listed on the Luxembourg Stock Exchange and, as usual, traded in the Over-the-counter.

Today’s bond issue integrates Banca Intesa’s benchmark yield curve which is now made up of a 2-year, a 3-year, a 5-year, a 7-year  and a 10-year issue. All such benchmarks have 1 billion euro or more as principal amount.

Banca Caboto, Calyon and Citigroup act as lead managers for the placement of this bond.


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