In 2025 Yankee Bonds and Reverse Yankee Bonds exceeding USD 30Bn

In 2025, Intesa Sanpaolo’s IMI Corporate & Investment Banking Division supported its clients in issuing Yankee Bonds and Reverse Yankee Bonds for over USD 30Bn, strengthening its international leadership in the debt markets.

In particular, the bank assisted the placement of:

• Over USD 23Bn of securities on the U.S. market (Yankee bonds), including:
  • ENEL, multi-tranche for USD 4.5Bn (various maturities)
  • Abu Dhabi Developmental Holding Company, dual-tranche for USD 2 billion euro
  • Cassa Depositi e Prestiti, USD 1.5Bn bond (5 years)
  • ENI, USD 1Bn bond (10 years)
  • The State of Qatar, dual-tranche for USD 4Bn (3 and 10 years)
  • Stellantis, multi-tranche for USD 2.25Bn
• EUR 10Bn of bonds issued on the European market by major U.S. clients (Reverse Yankee bonds), including:
  • General Motors, EUR 850M bond (6.5 years)
  • Ford, EUR 750M bond (5.5 years)
  • AT&T, multi-tranche for EUR 2.75Bn (5, 8, and 12 years)
  • Wells Fargo, dual-tranche for EUR 2.75Bn

Intesa Sanpaolo confirms the strength of the cross-market model of its IMI Corporate & Investment Banking Division which, supported by its specialized expertise and international footprint, facilitates the connection between investors, corporates, and financial institutions on a global scale.