Intesa Sanpaolo

Banca IMI has hired a global loan syndication head to front its new London syndication desk.

Beni Stabili, the Italian property company largely owned by Foncière des Régions, priced on Thursday a €200m convertible bond at a 0.875% coupon and 32.5% conversion premium.

Deals for the Kenya Pipeline Company and the Itare Dam project provided a boost for the Kenyan infrastructure sector, but these types of deals move in slow motion according to bankers.

Russian iron ore producer Metalloinvest has signed a $750m pre-export finance facility, becoming the first Russian corporate borrower to follow Uralkali into the international syndicated loan market this year.

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.