Bond markets: Intesa Sanpaolo’s transactions. November 2025
1 December 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 November 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:
- Exor NV: €600 million, senior unsecured, maturity 2035
- New Immo Holding: €500 million, senior unsecured, maturity 2030
- Verallia SA: €350 million and €500 million, senior unsecured, maturity 2029 and 2033
- Metlen Energy & Metals: €600 million, senior unsecured, maturity 2031
- CNH Industrial: €500 million, senior unsecured, maturity 2033
- Deutsche Telekom AG: €750 million, senior unsecured, maturity 2029
- Canal+ SA: €700 million, senior unsecured, maturity 2030
- IGD SIIQ SpA: €300 million, green bond, maturity 2030
- Slovenske Elektrarne: €750 million, green bond, maturity 2032
- Iberdrola SA: €1 billion, green hybrid bond, perpetual
- Nextera Energy: €1.25 billion + €1.25 billion hybrid bonds, maturity 2056
- A2A SpA: €500 million, European green bond, maturity 2032
- DoValue SpA: €350 million, senior secured, maturity 2031
- Eroski: €500 million, senior secured, maturity 2031
- Duomo Bidco (Kiko): €540 million, senior secured, maturity 2032
- GD Towers: €2.5 billion, US private placement, maturity 2035
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:
- UBS Group AG:
- $2 billion, senior unsecured, maturity 2033
- $1.25 billion, senior unsecured, maturity 2047
- Stella Loans ABS:
- €630 million, ABS, maturity 2030
- €270 million, ABS, maturity 2030
- €60 million, ABS, maturity 2030
- €30 million, ABS, maturity 2030
- €10 million, ABS, maturity 2030
- €10 million, ABS, maturity 2026
- Bank of Sharjah: $500 million, senior unsecured, maturity 2030
- BPER Banca SpA: €750 million, subordinated AT1, perpetual
- Mediobanca SpA: €750 million, covered bond, maturity 2032
- Deutsche Bank AG: €1 billion, subordinated AT1, perpetual
- Piraeus Bank SA: €500 million, green senior preferred, maturity 2031
SSA DCM – Sovereign, Supranational and Agency Issues
In the SSA DCM segment, IMI CIB supported The State of Qatar in two major transactions:
- $1 billion, senior unsecured, maturity 2028
- $3 billion, senior unsecured sukuk, maturity 2035
and Poste Italiane:
- Poste Italiane SpA: €750 million, senior unsecured bond, maturity 2030
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.
Last updated 10 December 2025 at 09:22:41
