{"clientID":"2b71d197-0c21-4234-ba98-2689b888f985","signature":"664610f33aa0503128c41216cec8b65f079ea4ee9ece982d6c7d6715d0fc4e88","encryption":"68cad83b4246825bd81d4bc1059d4620","keyID":"183b753b-7f28-af43-f453-4bd93774f44a","user":"C1AAFC8C323DFDA567B3CD7D0E48C3DD","clientIDSh":"1d9f34e6-7f26-427f-a9d8-0fa45b27a1ca","signatureSh":"664610f33aa0503128c41216cec8b65f079ea4ee9ece982d6c7d6715d0fc4e88","encryptionSh":"68cad83b4246825bd81d4bc1059d4620","keyIDSh":"16eb5dfd-e4eb-6b7e-4294-8fc82de1428e","userSh":"C1AAFC8C323DFDA567B3CD7D0E48C3DD"}
Homepage
Investor relations
Press releases
Intesa Sanpaolo Press release

INTESA SANPAOLO LAUNCHES A 3-YEAR AND 10-YEAR DUAL TRANCHE BOND ISSUE ON THE U.S. MARKET 

 

Torino, Milano, 15 February 2011 – Intesa Sanpaolo has launched a dual tranche bond issue targeted exclusively at U.S. market Qualified Institutional Buyers ("QIBs") for a total amount of U.S.$ 3 billion. 

This dual tranche is composed of two bonds issued under the U.S.$ Medium Term Notes Programme of Intesa Sanpaolo: the first one is a 3-year, floating rate bond issued for an amount of U.S.$ 2 billion, the second one is a 10-year, fixed rate bond issued for an amount of U.S.$ 1 billion.

With reference to the 3-year floating rate bond, the coupon, payable quarterly in arrears on every 24 February, 24 May, 24 August and 24 November of each year from and including 24 May 2011 up to the maturity date, is equal to 3 month U.S.$ Libor plus 240 bps p.a..

The re-offer price is 100%.

Considering the re-offer price, the yield to maturity for the investor is equal to 3 month U.S.$ Libor plus 240 basis points p.a..

With reference to the 10-year fixed rate bond, the coupon, payable semi-annually in arrear on every 24 February and 24 August of each year from and including 24 August 2011 up to the maturity date, is equal to 6.5% p.a..

The re-offer price is 99.233%.

Considering the re-offer price, the yield to maturity is 6.606% per annum and the total spread for the investor is equal to the yield of the 10-year U.S. Treasury Bill plus 300 basis points p.a..

Settlement for both issues is due on 24 February 2011.

Minimum denomination of the bond issue is U.S.$ 100 thousand and U.S.$ 1,000 thereafter.

The dual tranche bond issue is not an offer to the Italian retail market; it is distributed to U.S. market QIBs only.

Banca IMI, Citigroup Global Markets Inc., JP Morgan Securities Inc. and Goldman Sachs are the joint lead managers of the bond offering. 

The ratings assigned to Intesa Sanpaolo's senior long-term debt are: Aa2 by Moody's, A+ by Standard & Poor's and AA- by Fitch.

 

 

Not for release, directly or indirectly, in or into the United States of America, Australia, Canada or Japan. This press release (and the information contained herein) does not contain or constitute an offer of securities for sale, or solicitation of an offer to purchase securities, in the United States, Australia, Canada or Japan or any other jurisdiction where such an offer or solicitation would require the approval of local authorities or otherwise be unlawful (the "Other Countries"). The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), or pursuant to the corresponding regulations in force in the Other Countries and may not be offered or sold in the United States or to U.S. persons unless the securities are registered under the Securities Act, or an exemption from the registration requirements of the Securities Act is available. No public offering of such securities is intended to be made in the United States or in the Other Countries.

This communication is being distributed only to and is directed only at (a) persons outside the United Kingdom, (b) persons who have professional experience in matters relating to investments, i.e., investment professionals within the meaning of Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the "Order"), and (c) high net worth companies, unincorporated associations and other bodies to whom it may otherwise lawfully be communicated in accordance with Article 49(2)(a) to (d) of the Order (all such persons together being referred to as "relevant persons"). The securities are available only to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be available only to or will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on this communication or any of its contents.
 

 

 
 

 

Investor Relations
+39.02.87943180
investor.relations@intesasanpaolo.com

Media Relations
+39.02.87963531
stampa@intesasanpaolo.com


group.intesasanpaolo.com

Last updated 15 February 2011 at 11:25

{"toolbar":[{"label":"Refresh","url":"","key":"update-page"},{"label":"Print","url":"","key":"print-page"}]}

THIS WEBSITE (AND THE INFORMATION CONTAINED HEREIN) DOES NOT CONTAIN OR CONSTITUTE AN OFFER OF SECURITIES FOR SALE, OR SOLICITATION OF AN OFFER TO PURCHASE SECURITIES IN THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN OR ANY OTHER JURISDICTION WHERE SUCH AN OFFER OR SOLICITATION WOULD REQUIRE THE APPROVAL OF LOCAL AUTHORITIES OR OTHERWISE BE UNLAWFUL (THE "OTHER COUNTRIES"). THE SECURITIES REFERRED TO HEREIN HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OR PURSUANT TO THE CORRESPONDING REGULATIONS IN FORCE IN THE "OTHER COUNTRIES" AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO "U.S. PERSONS" UNLESS THE SECURITIES ARE REGISTERED UNDER THE SECURITIES ACT, OR AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT IS AVAILABLE. NO PUBLIC OFFERING OF SUCH SECURITIES IS INTENDED TO BE MADE IN THE UNITED STATES OR IN THE "OTHER COUNTRIES".




Confirmation of Understanding and Acceptance of Disclaimer

These materials are for informational purposes only and are not directed to, nor are they intended for, access by persons located or resident in the United States, Australia, Canada or Japan or one of the Other Countries. I certify that I am not resident of, or located in, the United States, Australia, Canada or Japan or one of the Other Countries and that I am not a "U.S. person" (as such term is defined in Regulation S under the Securities Act). I have read and understood the disclaimer set out above. I understand that it may affect my rights. I agree to be bound by its terms.
I accept the terms.

I ACCEPT

I certify that I am not resident of, or located in, the United States, Australia, Canada or Japan or one of the Other Countries and that I am not a "U.S. person" (as such term is defined in Regulation S under the Securities Act).



Under Regulation S under the Securities Act, "U.S. person" means: (1) Any natural person resident in the United States; (2) Any partnership or corporation organized or incorporated under the laws of the United States; (3) Any estate of which any executor or administrator is a U.S. person; (4) Any trust of which any trustee is a U.S. person; (5) Any agency or branch of a foreign entity located in the United States; (6) Any non-discretionary account or similar account (other than an estate or trust) held by a dealer or other fiduciary for the benefit or account of a U.S. person; (7) Any discretionary account or similar account (other than an estate or trust) held by a dealer or other fiduciary organized, incorporated, or (if an individual) resident in the United States; and (8) Any partnership or corporation if: (i) Organized or incorporated under the laws of any foreign jurisdiction; and (ii) Formed by a U.S. person principally for the purpose of investing in securities not registered under the Act, unless it is organized or incorporated, and owned, by "accredited investors" (as defined in Rule 501(a) under the Securities Act) who are not natural persons, estates or trusts; and "United States" means the United States of America, its territories and possessions, any State of the United States, and the District of Columbia.

I CONFIRM

WARNING: the above certification constitutes a "self-certification" pursuant to Decree of the President of the Italian Republic No. 445 of 28 December 2000. False certifications are punishable by law.

I confirm that I am not resident of, or located in, the United States, Australia, Canada or Japan or one of the Other Countries and that I am not a "U.S. person" (as such term is defined in Regulation S under the Securities Act).
 
 
 

YES NO

WARNING: the above certification constitutes a "self-certification" pursuant to Decree of the President of the Italian Republic No. 445 of 28 December 2000. False certifications are punishable by law.
 
{"toolbar":[{"label":"Refresh","url":"","key":"update-page"},{"label":"Print","url":"","key":"print-page"}]}
LinkedIn LinkedIn Instagram Instagram Facebook Facebook YouTube YouTube X X
Intesa Sanpaolo
Transparency
Fondo di garanzia
per le PMI del Ministero dello Sviluppo Economico (Legge 662/96 )

Copyright 2019 © Intesa Sanpaolo