(Tiper Stock Exchange) – Mediobanca successfully concluded the placement of a Sustainability Senior Non Preferred Bond with a duration of 4 years (expiring in September 2027) e call option after the first 3 years for a total amount of 500 million euros.
The Sustainability Senior Non Preferred Bond recorded a robust and diverse demand which made it possible to review the yield initially communicated to the market (170 bps above the mid-swap) fixing it at 145 bps. During the placement, the title recorded orders for over 2 billion of Euro. The request has therefore reached a value of four times the target amount of 500 millionstanding as the highest recorded among Mediobanca’s recent issues.
The new bond issue will guarantee a coupon equal to 4.875% and represents the first non-senior instrument and the first ESG bond placed by the Mediobanca Group in implementation of the 2023-26 “One Brand One Culture” Strategic Plan.
The distribution of the bond saw the participation of the principals foreign institutional investors (73%, with orders in particular from Germany, Austria and Switzerland for 22%, from the United Kingdom and Ireland for 13%, from France for 29% and from Spain for 4%) and Italians (orders equal to 27%). The performance of the issue once again confirms the appreciation of investors and Mediobanca’s ability to diversify its sources of financing.