Intesa Sanpaolo (BIT:ISP)
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5 Years : From May 2011 to May 2016
By Serena Ruffoni
Italian lender Intesa Sanpaolo SpA (ISP.MI) plans a dual-tranche dollar-denominated bond, said one of the banks on the deal Monday.
The bonds will be senior unsecured, benchmark-sized and have a maturity of three and five years.
Banca IMI, Goldman Sachs, JPMorgan and Morgan Stanley are lead managers on the deal, which will be priced Monday.
Intesa Sanpaolo is not a frequent issuer in dollars.
Ratings are Baa2 by Moody's Investors Service Inc., BBB+ from Standard & Poor's and A- by Fitch Ratings.
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