Sole ESG Structuring Advisor and Joint Bookrunner fot the Social Senior Preferred of Iccrea Banca

The IMI Corporate & Investment Banking Division of Intesa Sanpaolo acted as Sole Structuring Advisor of Iccrea Banca’s newly established Green, Social & Sustainability Framework Oct-21, and as Joint Bookrunner in the Issuer’s inaugural 2.125% Long 5NC4 Social Senior Preferred Bond launched on the 10th of November 2021.

Benefitting from more than 95 high quality and granular orders totaling above EUR 650mln, the issuer set the final size at EUR 500mln and priced the bond at the final yield of 2.125%, implying a re-offer price of 99.996%.

The Social Bond launched by Iccrea represents the Bank’s debut in the ESG bond space, confirming the aim to enhance its engagement in activities with social purposes, according to its mission and values, and the intention to become a regular player in the sustainable bond market.