Intesa Sanpaolo’s US$1.5 Billion Yankee Bond Offering

White & Case LLP advised Intesa Sanpaolo S.p.A. on the deal.

Intesa Sanpaolo S.p.A. executed a US$1.5 billion Yankee bonds issuance under its recently updated US$50 billion Medium Term Note Programme.

The issuance consists of US$750 million 4.198% subordinated notes due 2032 and US$750 million 4.950% subordinated notes due 2042, issued pursuant to Rule 144A under the US Securities Act. 

Intesa Sanpaolo S.p.A. is an Italian international banking group. It is Italy’s largest bank by total assets.

The White & Case team which advised on the transactions comprised partners Michael Immordino (Picture; London & Milan) and Ferigo Foscari (Milan), associates Robert Becker and Pietro Magnaghi (both Milan) and lawyers Olga Primiani and Riccardo Viel (both Milan).

Involved fees earner: Robert Becker – White & Case; Ferigo Foscari – White & Case; Michael Immordino – White & Case; Pietro Magnaghi – White & Case; Olga Primiani – White & Case; Riccardo Viel – White & Case;

Law Firms: White & Case;

Clients: Intesa Sanpaolo S.p.A.;

Author: Federica Tiefenthaler