Bond markets: Intesa Sanpaolo’s transactions. July 2025
1st August 2025
Intesa Sanpaolo, through its IMI Corporate & Investment Banking Division, reaffirmed its leading role in the international bond markets, supporting corporate, financial and sovereign issuers in Debt Capital Markets transactions.
During July 2025, the Division participated in numerous euro- and dollar-denominated transactions, playing a key role in the corporate, Financial Institutions Group (FIG) and Sovereigns, Supranationals and Agencies (SSA) segments.
Corporate DCM – Bond Issues
In the corporate DCM segment, IMI Corporate & Investment Banking Division acted as Joint Lead Manager in the following bond issues by major groups:
- Carnival Plc: €1 billion, senior unsecured, maturity 2031
- Carnival Corp: $3 billion, senior unsecured, maturity 2032
- El Corte Ingles SA: €500 million, senior unsecured, maturity 2033
- Eurofins Scientific SE: €500 million, senior unsecured, maturity 2033
- La Doria SpA: €675 million and €675 million, senior secured, both maturity 2030
- Omnia Technologies: €100 million ed €100 million, senior secured, both maturity 2031
- Enfragen Energia SUR: $400 million, senior secured, maturity 2032
- Nexture SpA: €425 million and €425 million, senior secured, both maturity 2032
- Electrica SA: €500 million, green bond, maturity 2030
- Gecina SA: €500 million, green bond, maturity 2035
- Terna SpA: €750 million, European green bond, maturity 2031
- GIP Sharon Finco PTY Ltd: $1,30 billion, US private placement, maturity 2046
- Bitron Industrie SpA: €105 million, Schuldschein, maturity 2030
FIG DCM – Bond issues from financial institutions group
In the FIG DCM segment, IMI Corporate & Investment Banking Division supported significant transactions for Italian and international financial institutions:
- Fulvia SPV Srl: €337.5 million; €48.7 million; €16.9 million; €9.4 million; €8.3 million; all ABS maturity 2041
- National Bank of Greece SA: €750 million, green senior preferred, maturity 2029
- Banca del Fucino SpA: €50 million, subordinated Tier 2, maturity 2035
- Wells Fargo & Co: €1.75 billion, senior unsecured, maturity 2029 and €1 billion, senior unsecured, maturity 2036
- CR bolzano SpA: €400 million, green senior preferred, maturity 2031
- UBS Group AG: : $750 million and $1.25 billion, both subordinated AT1 perpetual
SSA DCM – Sovereign, Supranational and Agency Issues
In the SSA DCM segment, IMI CIB was active bookrunner in the following transactions:
- Invitalia SpA: €350 million 5-year bond and concurrent cash tender offer for its notes due November 2025
The activity highlights Intesa Sanpaolo’s ability to support clients across different sectors and geographies in accessing capital markets, helping to finance growth and investment in diversified market contexts.
