Bond markets: Intesa Sanpaolo’s transactions. May 2025
1st June 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 May 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:
- General Motors: $750 million senior unsecured, maturing 2028; $750 million, senior unsecured, maturing 2030 and $500 million, senior unsecured, maturing 2035
- Naturgy Finance Iberia SA: €500 million, senior unsecured, maturing 2031 and €500 million, senior unsecured, maturing 2035
- Cellnex Finance: €750 million, senior unsecured, maturing 2032
- ENI SpA: $1 billion, senior unsecured, maturing 2035
- Jab Holdings BV: €500 million, senior unsecured, maturing 2035
- Carnival Corp: $1 billion, senior unsecured, maturing 2031
- Swisscom Finance: €500 million, senior unsecured, maturing 2032
- Nexi SpA: €750 million, senior unsecured, maturing 2031
- TEVA Pharmaceutical: $700 million, senior unsecured, maturing 2030; $500 million, senior unsecured, maturing 2030 and €1 billion, senior unsecured, maturing 2032
- Syensqo SA: €600 million, senior unsecured, maturing 2031 and €600 million, senior unsecured, maturing 2035
- Currenta Group: €650 million, senior secured, maturing 2030 and €350 million, senior secured, maturing 2032
- Aggreko Holdings: €850 million, senior secured, maturing 2030 and $1.4 billion, senior secured, maturing 2030
- Prelios SpA: €360 million, senior secured, maturing 2030
- Masdar-Abu Dhabi Future energy Company: $500 million, green bond, maturing 2030 and $500 million, green bond, maturing 2035
- RCI Banque SA: €500 million, green bond, maturing 2030
- Abertis Infraestructuras: €500 million, hybrid bond, perpetual
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:
- Banco Santander SA: €500 million covered bond, maturing 2030
- HSBC Holdings Plc: €1.5 billion, senior unsecured, maturing 2030
- VUB Banka AS: €500 million, covered bond, maturing 2032
- Banca Popolare di sondrio SpA: €500 million, covered bond, maturing 2030
- Intesa Sanpaolo SpA: €1 billion, subordinated AT1, perpetual
- Tatra Banka: €500 million, covered bond, 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 one major transaction:
- MEF: BTP Italia, €8.8 billion, maturing 2032
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.
