Bond markets: Intesa Sanpaolo’s transactions. January 2026
1 February 2026
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 January 2026, 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 national and international groups in euro, dollars and GBP.
- Ford Motor: $1,5 billion, senior unsecured, maturity 2029
- Ford Motor: $1 billion, senior unsecured, maturity 2033
- CNH Industrial: $500 million, senior unsecured, maturity 2031
- APRR: €500 million, senior unsecured, maturity 2032
- Cellnex Telecom: €750 million, senior unsecured, maturity 2031
- Cellnex Telecom: €750 million, senior unsecured, maturity 2036
- CA Auto Bank SpA: €500 million, senior unsecured, maturity 2029
- Nortegas Energia: €400 million, senior unsecured, maturity 2033
- Saudi Electricity Company: $700 million, senior unsecured, maturity 2032
- Heidelberg Materials: €600 million, green senior unercured, maturity 2036
- Saudi Electricity Company: $1,2 billion, senior unsecured sukuk, maturity 2036
- Saudi Electricity Company: $500 million, senior unsecured sukuk, maturity 2029
- Aldar Properties: $1 billion, Hybrid bond, maturity 2056
- Enel SpA: €1,25 billion, Hybrid bond, perpetual
- Enel SpA: €750 million, Hybrid bond, perpetual
- ENI SpA: €1 billion, Hybrid bond, perpetual
- Telefonica Emisiones: €1 billion, European green bond, maturity 2033
- Terna SpA: €850 million, European green hybrid, perpetual
- Virgin Media: GBP175 million, maturity 2033, as a placement agent
- Virgin Media: $500 million, senior secured, maturity 2033
- Virgin Media: €550 million, senior secured, maturity 2033
- Virgin Media: GBP250 million, senior secured, maturity 2033
- Fabbrica Italiana Sintetici SpA: €300 million, senior secured, maturity 2031
- Fabbrica Italiana Sintetici SpA: €470 million, senior secured, maturity 2031
- Nexture SpA: €500 million, senior secured, maturity 2032
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: $1,5 billion + $1,5 billion, subordinated AT1, perpetual
- BAWAG PSK:
- €750 million, covered bond, maturity 2033
- €500 million, covered bond, maturity 2038
- Banca Ifis: €400 million, subordinated Tier 2, maturity 2036
- Unipol Assicurazioni SpA: €1 billion, subordinated RT1, perpetual
- La Banque Postale: €1 billion, covered bond, maturity 2033
- MBH Bank: €500 million, senior preferred, maturity 2031
SSA DCM – Sovereign, Supranational and Agency Issues
In the SSA DCM segment, IMI CIB supported Amco in a major transaction:
- Amco: €750 million, senior unsecured bond, maturity 2029
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 16 February 2026 at 15:10:00
