Intesa Sanpaolo, through its IMI Corporate & Investment Banking Division, acted as lead manager for the issuance of a EUR 100M bond by TPER, the leading local public transport company in Emilia-Romagna.
The bond, listed on the Dublin Stock Exchange, has a duration of five years and a fixed rate coupon of 4.343% per annum, and will be repayable in three annual instalments from 2027 onwards.
This is the second transaction of this kind carried out by the company, which issued a similar bond for EUR 95M in 2017.
The new bond, non-convertible, have been placed exclusively among qualified investors with a long-term investment horizon.
