A&O Shearman advises CDP on UniCredit EUR1.8 billion bond subscription

A&O Shearman advised Cassa Depositi e Prestiti (CDP) on CDP’s subscription of two senior preferred unsecured bonds issued by UniCredit, with an aggregate nominal amount of EUR1.8 billion. The transaction is intended to facilitate access to credit for smaller Italian enterprises and to support their growth and competitiveness both domestically and abroad, with particular attention to Southern Italy. UniCredit has undertaken to allocate at least 51% of the proceeds to small and medium-sized enterprises operating throughout Italy and at least 51% to companies with their registered office and/or operational headquarters in one of the eight Southern Italian regions (Abruzzo, Basilicata, Calabria, Campania, Molise, Puglia, Sardinia and Sicily). In addition, at least 10% of the proceeds of the second bond issuance will be allocated to financing Green Buildings, defined as projects that reduce energy consumption and/or increase the energy efficiency of public, commercial, residential and recreational buildings according to predetermined criteria. A&O Shearman represented Cassa Depositi e Prestiti (CDP) with a team composed by: partner Alessandra Pala (team lead) assisted by trainee Antonio Iuliano; and partner Cristiano Tommasi (team lead) supported by senior associate Elisabetta Rapisarda and associate Lisa Avitabile.

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A&O Shearman advises CDP on UniCredit EUR1.8 billion bond subscription

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A&O Shearman advises CDP on UniCredit EUR1.8 billion bond subscription

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