Intesa Sanpaolo Plans Dollar 3-Year, 5-Year Bond
January 07 2013 - 9:50AM
Dow Jones News
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.
Write to Serena Ruffoni at serena.ruffoni@dowjones.com
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