Bond markets: Intesa Sanpaolo’s transactions. September 2025
1st October 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 September 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:
- Engie SA: €500 million, senior unsecured, maturing 2032
- Ford Motor: €600 million, senior unsecured, maturing 2029 and €600 million, senior unsecured, maturing 2032
- Forvia SE: $500 million, senior unsecured, maturing 2033
- Ithaca Energy: €450 million, senior unsecured, maturing 2031
- Enel Finance Intl NV:
- $1 billion, senior unsecured, maturing 2028
- $1.25 billion, senior unsecured, maturing 2030
- $1.25 billion, senior unsecured, maturing 2035
- $1 billion, senior unsecured, maturing 2055
- Telecom Italia SpA: €500 million, senior unsecured, maturing 2030
- Intl Distribution Services: €650 million, senior unsecured, maturing 2029 and €750 million, senior unsecured, maturing 2032
- Carnival Corp: $1.25 billion, senior unsecured, maturing 2029
- Sammontana Italia SpA: €125 million, senior secured, maturing 2031
- CEME SpA: €75 million, senior secured, maturing 2031
- ION Platform:
- $1.5 billion, senior secured, maturing 2032
- €600 million, senior secured, maturing 2032
- €500 million, senior secured, maturing 2030
- Engie SA: €700 million, green bond, maturing 2037
- RWE Finance: $1 billion, maturing 2035 and $1 billion, maturing 2055, green bonds
- Immobiliaria Colonial: €800 million, green bond, maturing 2031
- Klepierre SA: €500 million, green bond, maturing 2037
Bond issues from financial institutions group
In the FIG DCM segment, IMI Corporate & Investment Banking Division supported significant transactions for international financial institutions:
- Slovenska Sporitelna: €500 million, covered bond, maturing 2030
- Tatra Banka as: €500 million, covered bond, maturing 2031
- Citigroup Inc.: €174.2 million, Retail Bond senior unsecured, maturing 2032
Sovereign, Supranational and Agency Issues
In the SSA DCM segment, IMI CIB was active joint bookrunner in the following transactions:
- Turkiye Varlik Fonu: $500 million, senior unsercured, maturing 2031 and $500 million, senior unsercured, maturing 2035
- Cassa Depositi e Prestiti SpA: $1.5 billion, senior unsercured, maturing 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 14 October 2025 at 15:13:31
