Intesa Sanpaolo Plans Dollar 3-Year, 5-Year Bond

Date : 01/07/2013 @ 9:50AM
Source : Dow Jones News
Stock : Intesa Sanpaolo (ISP)
Quote : 2.318  0.038 (1.67%) @ 11:29AM
Intesa Sanpaolo share price Chart

Intesa Sanpaolo Plans Dollar 3-Year, 5-Year Bond

Intesa Sanpaolo (BIT:ISP)
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   By Serena Ruffoni 
 

Italian lender Intesa Sanpaolo SpA (ISP.MI) plans a dual-tranche dollar-denominated bond, said one of the banks on the deal Monday.

The bonds will be senior unsecured, benchmark-sized and have a maturity of three and five years.

Banca IMI, Goldman Sachs, JPMorgan and Morgan Stanley are lead managers on the deal, which will be priced Monday.

Intesa Sanpaolo is not a frequent issuer in dollars.

Ratings are Baa2 by Moody's Investors Service Inc., BBB+ from Standard & Poor's and A- by Fitch Ratings.

Write to Serena Ruffoni at serena.ruffoni@dowjones.com

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