Mediobanca successfully completes the issue of a 7Y €750m covered bond
74% of the orders from outside Italy
Mediobanca has today successfully completed the placement of a covered bond with seven-year maturity for a total amount of €750m. It is the second covered bond that the Group has issued in 2024.
The bond, priced with coupon at 3% and yield at mid swap +60 bps, received orders of over €1.1bn during the placement period, 74% of which came from outside Italy.
All the leading European investors were involved, offering further proof of the established role that Mediobanca has as issuer at European level. Some 24% of the orders came from the Nordic countries and 20% from Germany, plus the 26% from Italy.
The results of this new issue, in the current macroeconomic scenario, confirm the importance of a flexible approach to diversifying sources of funding, and the market’s appreciation of Mediobanca and the growth prospects outlined in the Strategic Plan 2023-26 “One Brand-One Culture”.
Milan, 28 August 2024
