Intesa Sanpaolo places £500 million Green Senior Non-Preferred Bond
13 November 2026
Intesa Sanpaolo has successfully placed a £500 million Green Senior Non-Preferred bond in the institutional market, priced at UKT +130 basis points. The bond has a six-year maturity, with an issuer call option exercisable after five years.
Proceeds from the transaction will be allocated to finance or refinance green activities in line with the eligibility criteria set out in Intesa Sanpaolo’s Green, Social and Sustainability Bond Framework.
The issuance – marking the Bank’s return to the sterling market for the first time since 2023 – attracted strong investor interest from the outset, including from dedicated green investors, with orders peaking at approximately £2 billion.
"Diversification across markets, instruments and currencies is the guiding principle of Intesa Sanpaolo’s funding strategy. This issuance further strengthens that approach and reaffirms the Bank’s commitment to ESG matters, as it represents our second green bond issuance this year"
Nicoletta Bertolini, Head of Funding at Intesa Sanpaolo
The order book attracted around 90 investors and reached the highest peak ever recorded for an Italian sterling-denominated issuance, as well as the highest oversubscription level of the year among European sterling-denominated Senior Non-Preferred issuances.
The order book was allocated as follows:
- 66% Fund Managers
- 15% Hedge Funds
- 13% Insurance Companies and Pension Funds
- 4% Official Institutions
- 2% Banks and Private Banks
In terms of geographical distribution, 89% of investors came from the UK and Ireland, 5% from Germany, Austria and Switzerland, 3% from Norway, 2% from France and 1% from other countries.
The banks involved in the placement - alongside Intesa Sanpaolo’s IMI Corporate & Investment Banking Division - were Barclays, Bank of Montreal, BNP Paribas, Deutsche Bank, Mizuho and Nomura.
CREDIT LINE Mike Dot - stock.adobe.com
Last updated 13 November 2026 at 12:07:05
