Mediobanca successfully completes the issue of a new €500m Senior Preferred bond

Mediobanca has successfully completed the placement of a Senior Preferred Bond with a six-year maturity (expiring in August 2031) and a call option after year five, for a total amount of €500m.

The Senior Preferred Bond attracted strong and diversified demand form the market, allowing the initial yield guidance (125 basis points above mid-swap) to be revised down and ultimately set at 93 basis points. During the placement, the bond received orders exceeding €2.1 billion, more than four times the target amount of €500 million. This result further confirms investors’ confidence in Mediobanca’s growth prospects, as outlined in the extension of its “One Brand One Culture” Plan through 2028. 

The new bond will carry a coupon of 3.125% and represents Mediobanca's first public issuance aimed at institutional investors during the 2025-26 financial year. 

The bond was distributed primarily among major international institutional investors (75%), with orders coming notably from France (28%), Germany, Austria and Switzerland (18%), the Iberian Peninsula (13%), and the United Kingdom and Ireland (8%), as well as from Italian investors (percentage not specified). The performance of the issuance once again confirms investors appreciation by investors and Meidobanca’s ability to diversify its sources of funding.

Milan, 15 July 2025