These are the details of the selected bond:
- Issuer: Iccrea Banca SpA
- Covered bond rating(s) at launch: Aa2 (Moody's)
- Amount: EUR500m
- Maturity date: 2 March 2033
- Re-offer price: 99.631
- Coupon: 2.875%
- Swap spread: 37bp
- Government spread: 44.5bp
- Pricing date: 23 February 2026
- Settlement date: 2 March 2026
- Bookrunners: Banca Akros, Barclays, Credit Agricole, Commerzbank, Danske, UniCredit
- Country: Italy
- ISIN: IT0005697591
- Collateral type: Mortgage
- The CBR bond ID: 3325
- Green, social, sustainability description: unlabelled
- Notes: Final book above EUR1.2bn (exc. JLMs) with almost 70 accounts. Banks/private banks 42%, funds 33%, central banks/official institutions 20%, insurance companies/pension funds 5%. Italy 38%, Germany/Austria 23%, Nordics 18%, Iberia 10%, UK 6%, Switzerland 3%, others 2%.
