Bond markets: Intesa Sanpaolo’s transactions. October 2025
1 November 2025
Intesa Sanpaolo, through its IMI Corporate & Investment Banking Division, confirmed its position as a leading player in the international bond markets, supporting corporate, financial and sovereign issuers in Debt Capital Markets transactions.
During October 2025, the Division participated in numerous euro- denominated, dollar-denominated and Polish zloty transactions, playing a key role in the corporate, Financial Institutions Group (FIG) and Sovereigns, Supranationals and Agencies (SSA) segments.
Corporate DCM – Bond Issues
- ASTM SpA: €500 million, senior unsecured bond, maturity 2032
- MAF sukuk Ltd: $500 million, senior unsecured sukuk, maturity 2035
- INWIT - Infrastrutture Wireless Italiane SpA: €850 million sustainability-linked bond, maturity 2032
- Gruppo San Donato: €800 million, senior secured bond, maturity 2031
- VW Polska: PLN 200 million, private placement, maturity 2029
FIG DCM – Bond issues from financial institutions group
In the FIG DCM segment, IMI Corporate & Investment Banking Division supported significant transactions for Italian financial institutions, acting as bookrunner in the following deals:
- Banco BPI: €500 million, covered bond, maturity 2032
- Banco di Desio: €300 million, senior preferred, maturity 2031
- Banco BPM SpA: €500 million, green senior non preferred, maturity 2031
SSA DCM – Sovereign, Supranational and Agency Issues
In the SSA DCM segment, IMI CIB acted as active joint bookrunner in four euro-denominated sovereign bond transactions:
Italy
- Ministero dell’Economia e delle Finanze: € 16.57 billion, BTP Valore, maturity 2032
- Cassa Depositi e Prestiti: €750 million, Bond senior unsecured, maturity 2035
International
The Public Investment Fund:
- €800 million, green bond, maturity 2028
- €850 million, green bond, maturity 2032
These transactions confirm Intesa Sanpaolo’s ability to assist a diversified range of issuers in the international bond markets, with a strong presence across multiple sectors and geographies.
Last updated 10 December 2025 at 09:22:00
