Intesa takes funding trip abroad

By Frank Jackman
05 Mar 2021

Intesa Sanpaolo ventured outside of its home market in search of senior paper this week, placing its first sterling deal in almost nine months and its first yen trade since early 2019.

The Italian firm placed a £300m 2.625% fifteen year senior preferred note through Morgan Stanley on Thursday.

This is the first time an Italian financial has tapped the sterling market since last June, according to Dealogic, when Intesa printed a tier two note, again sole-led by ...

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