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Banca IMI issues $600M in 2 tranches of international bonds

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Banca IMI issues $600M in 2 tranches of international bonds

Banca IMI SpA issued $600 million in two tranches of international bonds, Cbonds reported.

Each fixed-rate tranche comprises $300 million of notes with a 2.3% coupon, and both were sold at par. One tranche matures Oct. 23, 2023, and the other matures Oct. 23, 2026.

Banca IMI acted as sole book runner on both issuances.