By Andrea Heisinger
New York, Aug. 4 - Intesa Sanpaolo SpA sold $1 billion of 3.625% five-year notes on Wednesday to yield Treasuries plus 205 basis points, a syndicate source close to the sale said.
The deal was announced late in the day and priced around 5:30 p.m. ET.
The notes (Aa2/A+/AA-) priced at 99.873 to yield 3.653%. They are non-callable and were sold under Rule 144A.
Bookrunners were Bank of America Merrill Lynch, Citigroup Global Markets and J.P. Morgan Securities.
The financial services company is based in Turin, Italy.
| Issuer: | Intesa Sanpaolo SpA
|
| Issue: | Notes
|
| Amount: | $1 billion
|
| Maturity: | Aug. 12, 2015
|
| Bookrunners: | Bank of America Merrill Lynch, Citigroup Global Markets, J.P. Morgan Securities
|
| Coupon: | 3.625%
|
| Price: | 99.873
|
| Yield: | 3.653%
|
| Spread: | Treasuries plus 205 bps
|
| Call: | Non-callable
|
| Distribution: | Rule 144A
|
| Trade date: | Aug. 4
|
| Settlement date: | Aug. 12
|
| Ratings: | Moody's: Aa2
|
| Standard & Poor's: A+
|
| Fitch: AA-
|
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