EQUITA assisted Banca Ifis
Milan, July 9th, 2025 – Banca Ifis – specialized and diversified banking group focused on supporting the real economy – announced on 8 July 2025 the successful completion of a €400 million senior preferred bond placement. The bond, aimed at institutional investors, has a 4-year maturity and a fixed coupon of 3.625%.
The offer received strong market demand, with orders reaching 1.5 times the issue size – driven primarily by asset managers (45%) and banks (33%), and with a significant participation of international investors (50%). This reflects growing interest in Banca Ifis beyond the Italian market. The strong demand – further boosted by the recent voluntary exchange offer on illimity Bank – allowed the spread to be lowered by 30 basis points from the initial pricing guidance, resulting in the lowest spread ever achieved by Banca Ifis in a bond issue.
EQUITA assisted Banca Ifis as joint lead manager gside a syndicate of leading international and Italian banks. The transaction marks as the eighth bond issue completed since the beginning of the year and the third in the FIG sector. EQUITA’s investment banking team and trading floor further strengthen their track-record supporting leading financial institutions in their issue processes.
