Intesa Sanpaolo, two new bonds in US and Australian dollars

Intesa repays 20 billion TLTRO III leaving 76 billion

(Tiper Stock Exchange) – Intesa Sanpaolo communicated that from February 27, 2023 they will be listed directly on the MOT and on EuroTLX of the Italian Stock Exchange two new foreign currency bonds issued by the same bank.

It consists of a US dollar-denominated bond and an Australian dollar-denominated bond, both from duration of 2 years. The first provides for the payment of gross fixed annual coupons of 5.40%, payable every six months, while the other provides for the payment of fixed gross annual coupons of 4.65%, also payable every six months for this one. The minimal cut is, respectively, USD 2,000 for the US dollar bond and AUD 2,000 for the Australian dollar bond.

Thanks to this issue, according to a note, Intesa Sanpaolo “expands the offer of bonds listed directly on the markets and negotiable on the MOT and EuroTLX, which stand at 53 and which can be used to diversify your investment portfoliothanks to the possibility of choosing between different coupon structures and between 6 different currencies”.

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