Bond markets: Intesa Sanpaolo’s transactions. March 2025
1st April 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 March 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:
- Var Energi ASA: €1billion, senior unsecured, maturing 2031
- Stellantis Finance US: $500 million, senior unsecured, maturing 2028; $750 million, senior unsecured, maturing 2030 and $1 billion, senior unsecured, maturing 2035
- CNH Industrial: $500 million, senior unsecured, maturing 2028
- AT&T Inc.: €1 billion, senior unsecured, maturing 2030; €1 billion, senior unsecured, maturing 2033 and €750 million, senior unsecured, maturing 2037
- INWIT - Infrastrutture Wireless Italiane SpA: €750 million, senior unsecured, maturing 2030
- CTP NV: €500 million, green bond, maturing 2031 and €500 million, green bond, maturing 2035
- RCI Banque SA: €500 million, subordinated Tier 2, maturing 2037
- Itelyum Regeneration spA: €725 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:
- Banca Sella Holding SpA: €50 million, subordinated Tier 2¸ maturing 2035
- Marzio Finance SRL: €408 million, ABS, maturing 2050
- Erste Group Bank AG: €750 million, green senior preferred, maturing 2031
SSA DCM – Sovereign, Supranational and Agency Issues
In the SSA DCM segment, IMI CIB supported the Italian Ministry of Economy and Finance (MEF) in three major transactions:
- Cassa Depositi e Prestiti SpA: €1 billion, retail bond, maturing 2032
- Republic of Montenegro: €850 million, senior unsecured, maturing 2032
- MEF: €700 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.
