Global Coordinator and Joint Lead Manager in the issuance of IGD’s new green bond

IMI Corporate & Investment Banking Division of Intesa Sanpaolo supported Immobiliare Grande Distribuzione in the placement of a new EUR 300M 5-year green bond, taking advantage of the excellent market conditions. The bond, issued at par, was priced with a 4.450% coupon.

The issuance was well received by the market, generating strong interest from leading institutional investors. The net proceeds will be used to refinance green projects within the “Green Buildings” category, as outlined in the Company’s Green Financing Framework.

The issuance of IGD’s new green bond marks the issuer’s return to the primary market and once again demonstrates the Division’s solid expertise in debt capital markets.