Intesa breaks new ground with innovative ‘circular economy’ bond

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By Tyler Davies
28 Nov 2019

Intesa Sanpaolo has become the first bank to use the proceeds of a green bond specifically to promote the development of a more circular economy — an issue that has been gaining increased attention from EU policymakers recently.

The new deal was very well received by investors when it arrived in the euro market on Wednesday.

Intesa Sanpaolo was able to raise €750m of new five year senior funding on the back of an order book worth €3.5bn — more than four and a half times ...

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