Intesa says 83 pct of demand for benchmark bond from foreign investors

MILAN Thu Nov 22, 2012 12:11pm EST

MILAN Nov 22 (Reuters) - Italy's biggest retail bank Intesa Sanpaolo said that 83 percent of the demand for the 1.25 billion euro benchmark bond it launched on Thursday came from foreign institutional investors.

The 10-year issue was more than four times subscribed, it said in a statement.

Around 75 percent of the 7 billion euros in bonds placed by the bank in the first ten months of the year was subscribed by foreign investors, the bank said.

(Reporting By Stephen Jewkes)