New York, June 27 – Intesa Sanpaolo SpA completed a €500 million sale of five-year green notes, according to a term sheet.
The notes priced with a 0.875% coupon at 99.534 to yield 0.971%.
Banca IMI, Credit Agricole, HSBC and Societe Generale CIB were the lead managers for the Regulation S sale.
Proceeds will be used to finance or refinance loans for eligible projects in the areas of renewable energy and energy efficiency.
Intesa Sanpaolo is a Turin, Italy-based banking group.
| Issuer: | Intesa Sanpaolo SpA
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| Issue: | Green notes
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| Amount: | €500 million
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| Maturity: | June 27, 2022
|
| Coupon: | 0.875%
|
| Price: | 99.534
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| Yield: | 0.971%
|
| Call: | Non-callable
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| Pricing date: | June 22
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| Settlement date: | June 27
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| Lead managers: | Banca IMI, Credit Agricole, HSBC, Societe Generale CIB
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| Distribution: | Regulation S
|
| Ratings: | Moody’s: Baa1
|
| S&P: BBB-
|
| Fitch: BBB
|
| DBRS: BBB High
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