DCM: IMI CIB, a financial bridge with the US in $30bn deals in 2025
13 November 2025
Intesa Sanpaolo, through its IMI Corporate & Investment Banking Division, has strengthened its international leadership in debt markets. In 2025, the Division supported leading global issuers in the US market (Yankee bonds) for over $23 billion, and major American corporates in Euro-denominated issuances (Reverse Yankee bonds) for approximately €10 billion.
Overall, these transactions — exceeding $30 billion — confirm the solidity of IMI CIB’s cross-market model and its ability to connect investors, corporates and financial institutions globally.
“The Division confirms its role as a strategic partner for corporates and financial institutions seeking to diversify their funding sources and access international markets. Our strength lies in supporting international issuers in dollar-denominated bonds and American issuers in euro bonds, reinforcing the financial bridge with the United States”
Mauro Micillo, Chief of IMI Corporate & Investment Banking Division, Intesa Sanpaolo
Main US dollar (Yankee bond) transactions:
- ENEL: $4.5 billion multi-tranche issuance
- Abu Dhabi Developmental Holding Company: $2 billion dual-tranche bond
- Cassa Depositi e Prestiti: $1.5 billion 5-year issuance
- ENI: $1 billion 10-year bond
- The State of Qatar: $4 billion dual-tranche bond (3 and 10 years)
- Stellantis: $2.25 billion multi-tranche placement
Main euro (Reverse Yankee bond) transactions:
- General Motors: €850 million 6.5-year issuance
- Ford: €750 million 5.5-year issuance
- AT&T: €2.75 billion multi-tranche placement (5, 8 and 12 years)
- Wells Fargo: €2.75 billion dual-tranche bond
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Last updated 13 November 2025 at 15:02:37
