Intesa dips through fair value for third ESG deal
Intesa Sanpaolo saved a couple of basis points with the sale of a new senior bond from its green issuance framework on Tuesday, compared to fair value on a conventional deal. The new issue came as markets remained on edge ahead of the European Central Bank’s next meeting.
The Italian issuer said on Monday morning that it intended to sell a new preferred senior bond in the euro market.
It opened books for a seven year print the following day, through bookrunners Barclays, BBVA, Crédit Agricole, Intesa Sanpaolo, ING and NatWest Markets.The syndicate banks began ...