Placement of the first Italian Green Btp

The Italian Treasury yesterday raised €8.5 billion in the largest green bond début in Europe. Intesa Sanpaolo participated in the issue of the first green Btp as structuring advisor and lead manager, with a pool of banks.

The bidding for these inaugural government bonds focused on the environment and sustainability crossed a demand of €80 billion.

Green bonds provide financing for environmental projects and include a requirement to report to investors on how the funds are used.

Mauro Micillo, Chief of IMI Corporate & Investment Banking Division, Intesa Sanpaolo, commented on the share issue as follows:

“We are very proud to have taken part, as structuring advisor to the Framework and lead manager, in the issuance of the first Green BTP. The unprecedented success of the transaction confirms the interest in this type of security by investors, especially those specialising in the green sector.”

“The decision to issue green public debt is part of a context in which attention to environmental and social sustainability issues is taking on a crucial role both within European policies (the Next Gen EU allocates 37% of the €750 billion to ecological transition) and at a national level.”

“The first Green BTP will support the ecological transition of our country, making it possible to finance the greening of energy and transport infrastructures and to make significant investments in buildings and industry. We are firmly convinced that all this will give further impetus to the Italian strategy aimed at achieving climate neutrality by 2050, allowing us to achieve the objectives of the European Green Deal.”