Bond markets: Intesa Sanpaolo’s transactions. January 2025
1st February, 2025
Intesa Sanpaolo, through its IMI Corporate & Investment Banking Division, reaffirmed its leading role in the international bond markets, supporting corporate, financial and sovereign issuers in Debt Capital Markets transactions.
During January 2025, the Division participated in numerous euro- and dollar-denominated transactions, playing a key role in the corporate, Financial Institutions Group (FIG) and Sovereigns, Supranationals and Agencies (SSA) segments.
Corporate DCM – Bond Issues
In the corporate DCM segment, IMI Corporate & Investment Banking Division acted as Joint Lead Manager in the following bond issues by major groups, including Ford Motor, Enel, General Motors, Nextera ed Hera.
- Ford Motor: $1.25 billion, senior unsecured, maturing 2029
- General Motors: €850 million, senior unsecured, maturing 2031
- SEA: €500 million, senior unsecured, maturing 2032
- Telefonica: €1 billion, senior unsecured, maturing 2034
- CA Autobank: €500 million, senior unsecured, maturing 2028
- Carnival: $2 billion, senior unsecured, maturing 2033
- Nextera:
- $1 billion, senior unsecured, maturing 2028
- $500 million, senior unsecured, maturing 2028
- $1 billion, senior unsecured, maturing 2030
- $750 million, senior unsecured, maturing 2032
- $1 billion, senior unsecured, maturing 2035
- Enel Spa:
- €1 billion, hybrid bond, perpetual
- €1 billion, hybrid bond, perpetual
- Aldar: $1 billion, hybrid bond, maturing 2055
- Iren: €500 million, hybrid bond, perpetual
- Hera: €500 million, green bond, maturing 2031
- Colonial: €500 million, green bond, maturing 2030
- A2A: €500 million, green bond, maturing 2035
- ASPI:
- €250 million, sustainability-linked bond, maturing 2032
- €250 million, sustainability-linked bond, maturing 2036
- Merlin: $410 million, senior secured, maturing 2032
- Engineering:
- €300 million, senior secured, maturing 2030
- €350 million, senior secured, maturing 2030
FIG DCM – Bond issues from Financial Institutions Group
In the FIG DCM segment, IMI Corporate & Investment Banking Division supported significant transactions for Italian and international financial institutions:
- BayernLB: €750 million, senior preferred, maturing 2030
- UniCredit:
- €1 billion senior non preferred maturing 2029
- €1 billion senior non preferred maturing 2033
- Commerzbank: €1.25 billion, covered bond, maturing 2029
- ICSC: €500 million social senior preferred, maturing 2030
- Iccrea: €500 million, green senior preferred, maturing 2030
SSA DCM – Sovereign, Supranational and Agency Issues
In the SSA DCM segment, IMI CIB supported the Italian Ministry of Economy and Finance (MEF) in a relevant €550 million Private placement, maturing 2035.
The activity highlights Intesa Sanpaolo’s ability to support clients across different sectors and geographies in accessing capital markets, helping to finance growth and investment in diversified market contexts.
