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Italy's Intesa Sanpaolo to launch bond for up to 750 mln euros
August 28, 2017 / 4:07 PM / 23 days ago

Italy's Intesa Sanpaolo to launch bond for up to 750 mln euros

MILAN, Aug 28 (Reuters) - Italy’s biggest retail bank Intesa Sanpaolo said on Monday it would launch a subordinated Tier 2 bond for up to 750 million euros ($898 million) targeted at domestic investors.

* The issuance has a maturity of seven years and will pay a coupon equal to the 3-month Euribor rate plus 190 basis points per annum.

* The offering price is 100 percent.

* The settlement date is Sept. 26 ($1 = 0.8353 euros) (Reporting by Francesca Landini, editing by Giulia Segreti)

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