Key Players in the Middle Eastern Debt Market
Intesa Sanpaolo's IMI Corporate & Investment Banking Division has strengthened its position in the Middle East by participating as an Active Bookrunner in five benchmark bond issuances during the early months of 2025.
In particular, the bank has significantly expanded its offering by entering a rapidly growing market with its participation in the first corporate Sukuk bond issuance, while also continuing its commitment to green and sustainable instruments, providing sophisticated solutions aligned with ESG principles.
Here are the transactions that have consolidated Intesa Sanpaolo’s presence in the Middle East since the start of the year:
- Green Sukuk for Saudi Electricity Company for USD 2.75Bn divided into a USD 1.5Bn tranche (5-year) and a USD1.25Bn tranche (10-year) (February 2025)
- Masdar Green Bond issuance, structured in two tranches of USD 500M each, with 5- and 10-year maturities (May 2025)
- Dual-tranche placement for Abu Dhabi Development Holding Company (ADQ), USD 1Bn per tranche, with maturities of 5 and 10 years (April 2025)
- Benchmark euro bond issuance by the Government of Sharjah, EUR 500M with a 7-year maturity (February 2025), marking the bank’s continued role in Sharjah’s debt market
- Aldar Properties hybrid subordinated bond issuance, USD 1Bn, marking the bank’s first DCM mandate with this issuer (January 2025)
Intesa Sanpaolo, lead by Carlo Messina, is the only Italian bank present in the Gulf region through its International Network - UK & MEA Region, operating via branches in Dubai, Abu Dhabi, Doha, and Istanbul.
