Mediobanca issued EUR 750 million bond: fair value for Mediobanca stock rose to EUR 26.60

Published on 10/13/2026 at 09:31 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Bond orders topped EUR 1.20 billion on October 6. Mediobanca stock costs EUR 25.68 on October 13, 2026 versus its EUR 29.22 52-week high.

Key points in brief

Mediobanca issued a EUR 750.00 million covered bond on October 6, 2026.
Orders exceeded EUR 1.20 billion, allowing the issue to rise from EUR 500.00 million.
Analysts raised fair value from EUR 25.90 to EUR 26.60, while the stock was EUR 25.68 at Lang & Schwarz on October 13, 2026.
The next scheduled dates are the annual general meeting on October 29, 2026 and financial statements on November 5, 2026.

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Mediobanca stock was trading at EUR 25.68 at Lang & Schwarz on October 13, 2026 at 9:22 a.m. CEST. The bank had issued a EUR 750.00 million three-year covered bond on October 6, 2026, according to Mediobanca, while fair value for Mediobanca stock rose from EUR 25.90 to EUR 26.60, according to Simply Wall St.

What does the bond demand show?

The covered bond carries a three-year maturity and is due on October 13, 2029, per Repubblica. Orders exceeded EUR 1.20 billion, enabling Mediobanca to increase the planned issue from EUR 500.00 million to EUR 750.00 million.

The final yield was set at 30 basis points above mid-swap, compared with initial guidance of 35 basis points. That five-basis-point improvement and the larger issue size provide the clearest quantified signal from the transaction.

Fair value reaches EUR 26.60

Simply Wall St reported that analysts raised their fair value estimate from EUR 25.90 to EUR 26.60. The update cited price targets ranging from EUR 28.20 to EUR 29.40, alongside expectations for slightly higher profit margins and a lower future price-to-earnings multiple.

The same source lists first-quarter 2026 revenue at EUR 800.20 million, down 1.30 percent from the first quarter of 2025. Net income was EUR 291.20 million, down 12.00 percent, while the profit margin fell to 36.00 percent from 41.00 percent.

Next dates carry two catalysts

Mediobanca's investor-relations calendar lists the annual general meeting for October 29, 2026 and the board's financial statements for the period ended September 30, 2026 for November 5, 2026, according to Mediobanca. The November release is the next scheduled reporting event shown on the calendar.

Stock remains below its yearly high

Mediobanca's market capitalization was EUR 20.6 billion as of October 13, 2026, while its 52-week range was EUR 14.98 to EUR 29.22. The EUR 25.68 Lang & Schwarz price therefore remained below the yearly high as the market awaited the next financial statement.

The further course of trading is shown by the continuously updated real-time quote of Mediobanca stock.