Milano, 15 February 2006

Today Banca Intesa has launched on the international markets a 600 million euro bond issue under its Medium Term Notes programme. 

It is a five-year, Senior, fixed rate Euro Medium Term Notes issue. 

The coupon, payable in arrears on 24th February of each year starting from 24th February 2007 up to the maturity date, is equal to 3.5%. 

The re-offer price is 99.869%. 

Considering that it was re-offered below par, total spread for the investor is equal to five-year mid swap rate plus 15 basis points. 

Settlement is due on 24th February. 

The bond is not offered to the Italian retail market; it 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 with a five-year fixed rate structure. 

Banca Caboto, Citigroup and Deutsche Bank AG-London act as lead managers for the placement of the bond. 

The ratings assigned to Banca Intesa’s senior long-term debt are: A1 by Moody’s, A+ by Standard & Poor’s and A+ by Fitch.


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