Intesa Sanpaolo exercises call on full €272 million of notes due 2020

By Tali Rackner

Norfolk, Va., Feb. 11 – Intesa Sanpaolo SpA exercised the call option on €272 million of its lower tier II fixed/floating-rate callable subordinated notes due 2020, according to a notice.

The notes will be redeemed in full at par plus accrued interest on March 2. They were issued under the €30 billion Sanpaolo IMI euro medium-term note program.

The financial services company is based in Turin, Italy.

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