Intesa Sanpaolo

Italian construction firm CMC Ravenna has raised €306m from BNP Paribas and Intesa Sanpaolo to build the Itare Dam in Kenya, with most of the funds guaranteed by Italian export credit agency SACE.

Pilot fishing has begun for what could be one of the highest profile IPOs of 2015 – that of Poste Italiane, the Italian postal service.

Bologna Airport priced its IPO on Wednesday night after achieving a three times oversubscription, despite this week’s difficult market backdrop.

FIG bankers are expecting US banks to ramp up issuance as earnings season gets underway next week, while European issuers are also eyeing the dollar market.

Fiat Chrysler Automobiles has completed syndication of a €5bn revolving credit facility, in the company's first loan refinancing since Fiat Group Automobiles merged with Chrysler last year.

Greece's stand-off with its creditors has not quashed all FIG activity this week, with Intesa Sanpaolo issuing €782m of tier two and UniCredit buying back some subordinated debt of its own.

Telecom Italia raised gross proceeds of €796m from the IPO of Inwit, its telecom towers business, for which bookbuilding closed on the morning of Wednesday June 17.

Massimo Zanetti Beverage Group, the Italian coffee company, priced its IPO at the bottom end of the range early in the morning on Friday May 29, after a bookbuild that was slow but achieved a good result, according to a banker on the deal.

Massimo Zanetti Beverage Group, the Italian coffee company, looks set to price its IPO at the bottom end of the price range. The last official message on the book came at 1.15pm London time on Thursday May 28, saying guidance was €11.60, the bottom of the original range.

Intesa SanPaolo made a net profit of €1.1bn in the first quarter of 2015, driven by another record quarter of results from its corporate and investment banking arm, Banca Imi.

RCI Banque, the customer finance arm of French car maker Renault, on Wednesday issued a €750m 3.25 year floating rate note, continuing a run of issuance of short dated floaters by frequent issuers, which shows the product’s strong appeal to investors.

RCI Banque, the customer finance arm of French car maker Renault, today issued a €750m 3.25 year floating rate note, continuing a run of issuance of short dated floaters by frequent issuers.