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Intesa Sanpaolo calls €741.85 million 8.375% fixed/floating perpetuals
By Wendy Van Sickle
Columbus, Ohio, Sept. 12 – Intesa Sanpaolo SpA exercised the call option on the €741.85 million outstanding of its original €1.5 billion of 8.375% fixed/floating-rate perpetual subordinated notes issued on Oct. 14, 2009, according to a notice.
The notes will be redeemed in full at par plus accrued interest on Oct. 14.
The financial services company is based in Turin, Italy.
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