Mediobanca successfully completes the issue of a 3Y €750M Covered Bond

Mediobanca has successfully completed the placement of a new covered bond with a 3-year long duration (expiring on 13 October 2029) for a total amount of €750m. 

The bond obtained high-quality demand, enabling the yield to be set at 30 basis points above mid-swap, better than the initial guidance of MS + 35 bps. Orders in excess of €1.2bn also enabled the issuance amount to be raised to €750m, from the €500m initially envisaged. 

The deal is the second public issue of bank covered bonds executed by Mediobanca in 2026, following the 6Y €500m covered bond issued in June. 

The book reflects high-quality composition, with significant participation from international investors. Around 90% of the orders came from international investors, with some of the leading European investors featuring strongly. 

With this new issue, following the €650 Quarzo ABS implemented in September, Mediobanca has completed the majority of its public issuance planned for 2026. 

Milan, 6 October 2026