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Report: Banca IMI issues €500M bond

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Report: Banca IMI issues €500M bond

IntesaSanpaolo SpA unit Banca IMI SpA issued a €500 million international bond,Cbonds reported May 10.

The bond, which matures May 10, 2026, carries a coupon of2.2% until Oct. 5, 2020, after which the notes will pay a coupon of three-monthEURIBOR plus 0.6%. The initial issue price was set at 99.5%.

Banca IMI served as sole book runner on the deal.