Intesa Sanpaolo has issued four new bonds in foreign currency aimed at the retail market, directly tradable on the MOT market and on EuroTLX of the Italian Stock Exchange from 13 June 2024. The new issue includes bonds denominated in US Dollars and Canadian Dollars.
The four new bonds in detail
As regards bonds in US dollars, all characterized by a minimum denomination of 2,000 USD, the Decreasing Coupon US Dollar with maturity 12 years (XS2837717250) offers the investor quarterly coupons calculated at a gross annual interest rate starting from 8.00% in the first year, the US Dollar Decreasing Coupon with maturity of 6 years (XS2837718654) provides quarterly coupons starting in the first year from a gross annual rate of 6.00%, while the Coupon Descending US Dollar with 3 year maturity (XS2837717417) offers quarterly coupons calculated at a fixed annual rate of 5.50% gross.
The bond Fixed Rate Canadian Dollar with maturity of 2 years (ISIN XS2837716369), with a minimum denomination of 2,000 CAD, offers the investor quarterly coupons calculated at a fixed annual rate of 4.25% gross.
Below are more details on the new tools:
The offering expands to 63 bonds
Thanks to the new issue, Intesa Sanpaolo expands the offer of bonds listed directly on the markets and negotiable on the MOT and EuroTLX, which stand at 63 and which they can be used to diversify your portfolio investment, thanks to the possibility of choosing between different coupon structures and 7 different currencies.
Investment in US Dollar and Canadian Dollar denominated bonds is exposed to the risk linked to the trend of the exchange rate: a depreciation of the foreign currency against the investor’s currency would lead to a decrease in yield, while an appreciation of the foreign currency would generate an additional yield compared to the coupon rate.
The bonds issued by Intesa Sanpaolo are of the Senior Unsecured type and can be purchased and resold at the market price on the MOT and on EuroTLX of the Italian Stock Exchange through your bank or reference intermediary/broker.
The range of bonds allows you to implement different investment strategiescounting on the solidity of one of the main banking groups in Europe.
