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Milano, 30 June 2006


 

Today, Banca Intesa has launched through its wholly-owned subsidiary Intesa Bank Ireland plc an extendible notes issue guaranteed by the parent company.

 

It is Banca Intesa’s first extendible notes issue for US institutional investors, which has been made possible by the recent easing of rules introduced by the Bank of Italy regulating the maturity matching of assets and liabilities.

 

More precisely, this is a floating rate issue with an initial maturity of 13 months. Each month, investors have the right of extending, up to five years, the maturity of the notes.

 

The interest rate - with deferred payment on the 25th day of each month starting from 25th August 2006 until the expiry date (short first coupon from and including 7th July 2006 up to but excluding 25th August 2006) - is equal to one-month LIBOR flat for the first year. The interest rate will be increased by a spread equal to 1 bp starting from the second year. Such spread shall increase each year up to 4 bps for the fifth and final year.

 

The issue amounts to USD 3 billion.

 

The offer price is 100% of the principal amount.

 

Settlement is due on 7th July 2006.

 

The ratings assigned to Banca Intesa’s senior long-term debt are: Aa3 by Moody’s, A+ by Standard & Poor’s and A+ by Fitch.


These written materials are not for distribution in the United States.  The information contained herein does not constitute an offer of securities for sale in the United States.  The securities may not be offered or sold in the United States unless they are registered under applicable law or exempt from registration.  The issuer does not intend to register any portion of the offering in the United States or to conduct a public offering of securities in the United States.  No money, securities or other consideration is being solicited and, if sent in response to the information contained herein, will not be accepted.


Investor Relations
+39.02.87943180
investorelations@bancaintesa.it


Media Relations
+39.02.87963531
stampa@bancaintesa.it

www.bancaintesa.it


 

   
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