Intesa Sanpaolo EUR 1.75% bmk 2028 Senior Preferred Unsecured XS1785340172

rivetto

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Intesa Sanpaolo EUR bmk 10y Senior Preferred Unsecured: IPTs MS+90bps area

Issuer: Intesa Sanpaolo S.p.A. (ISPIM)
Type: Senior Preferred Unsecured
Exp. Issue Rating: Baa1/BBB/BBB/BBB(high)(Moody's/S&P/Fitch/DBRS)
Format: Reg S Bearer, dematerialised
Size: EUR Benchmark
Settlement Date: [20] Mar 2018 (T+6)
Maturity: [20] Mar 2028, 10yr
Coupon: TBC% Fixed, Annual, act/act, ICMA
IPTs: MS+90bps area
Listing/Denoms: Luxembourg/EUR 100k+1k
Documentation: EUR 70bn EMTN Programme
Selling Restrictions:As per Base Prospectus (REG S, TEFRA D)
Law: English Law
Joint Bookrunners: Banca IMI(B&D) / BNP Paribas / BofA Merrill Lynch / DB / Mediobanca / UBS Investment Bank
Target Market/PRIIPs: Manufacturers target market (MIFID II product governance) is eligible counterparties and professional clients only (all distribution channels). No PRIIPs key information document (KID) has been prepared as not available to retail in EEA
ISIN: TBC
Timing: Books open - Today's business
 
ISPIM EUR 10-year - comps


ISPIM 1.125 03/22 I+34
ISPIM 4.000 10/23 I+38
ISPIM 1.375 01/24 I+49
UCGIM 2.000 03/23 I+44
UCGIM 2.125 10/26 I+58
 
ISPIM EUR 10-year - comps


ISPIM 1.125 03/22 I+34
ISPIM 4.000 10/23 I+38
ISPIM 1.375 01/24 I+49
UCGIM 2.000 03/23 I+44
UCGIM 2.125 10/26 I+58

Ciao Rivetto,
Binck me l'aveva già segnalata stamattina e ne ho prenotato qualche lotto.

Non mi sembra male guardando il secondario. Che dici?
 
New ISPIM EUR 10Y- Price Guidance/Timing

Revised Guidance at MS+80a

Books in excess of € 1,75bn

Books to go subject at 12:15 LDN / 13:15 CET
 
ISPIM EUR 10Y - Final Terms

Spread set at MS+77
Size set at €1.25bn
Books above €1.8bn (pre-rec)
Banca IMI B&d
ISIN: XS1785340172
 
Issuer: Intesa Sanpaolo S.p.A. (ISPIM)
Type: Senior Preferred Unsecured
Exp. Issue Rating: Baa1/BBB/BBB/BBB(high)(Moody's/S&P/Fitch/DBRS)
Format: Reg S Bearer, dematerialised
Size: EUR 1.25bn
Settlement Date: 20 Mar 2018 (T+6)
Maturity: 20 Mar 2028, 10yr
Coupon: 1.75% Fixed, Annual, act/act, ICMA
Reoffer: MS+77bps (1.831% yield, 99.266, DBR 0.5 02/28 (98.77) + 120.30
Listing/Denoms: Luxembourg/EUR 100k+1k
Documentation: EUR 70bn EMTN Programme
Selling Restrictions:As per Base Prospectus (REG S, TEFRA D)
Law: English Law
Joint Bookrunners: Banca IMI(B&D) / BNP Paribas / BofA Merrill Lynch / DB / Mediobanca / UBS Investment Bank
Target Market/PRIIPs: Manufacturers target market (MIFID II product governance) is eligible counterparties and professional clients only (all distribution channels). No PRIIPs key information document (KID) has been prepared as not available to retail in EEA
ISIN: XS1785340172
Timing: Today's business
 
OTC


98.68--98.75..... parte in sofferenza di mezza figura rispetto al 99,266 di collocamento

Ma con una struttura del genere ed un tasso del genere come si fa a tenere in portafoglio un 2028?

Questa con gli aumenti dei tassi usa la ritroviamo abbondantemente sotto 95... IMHO sempre che Draghi non stacchi la spina

Saluti
 
Ma con una struttura del genere ed un tasso del genere come si fa a tenere in portafoglio un 2028?

Questa con gli aumenti dei tassi usa la ritroviamo abbondantemente sotto 95... IMHO sempre che Draghi non stacchi la spina

Saluti

...infatti 88% a investitori esteri ...dove ISP nel ptf ci puo' stare e dove sono abituati a facciali anche meno generosi.

ciao
 
Non male con rendimento al 2,9%
 
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