Poste Italiane issues €750 million five-year bond with Cappelli Riolo Calderaro Crisostomo Del Din & Partners and A&O Shearman

Cappelli Riolo Calderaro Crisostomo Del Din & Partners (CRCCD) advised Poste Italiane, while A&O Shearman advised the joint bookrunners, in connection with the placement of a €750 million bond. The transaction consisted of the placement of a senior unsecured fixed-rate bond with a nominal value of €750 million and a five-year maturity (3 December 2030), offered to institutional investors. The bond carries a fixed annual coupon of 3% and was issued under Poste Italiane’s €2.5 billion Euro Medium Term Notes (EMTN) programme. The notes were admitted to listing on the regulated market of the Luxembourg Stock Exchange and on the MOT market of Borsa Italiana. A&O Shearman acted for the joint bookrunners, which were Barclays, BNP Paribas, BofA Securities, Citigroup, Crédit Agricole CIB, Deutsche Bank, IMI-Intesa Sanpaolo, ING, Mediobanca, Morgan Stanley, Société Générale and UniCredit. Cappelli Riolo Calderaro Crisostomo Del Din & Partners (CRCCD) represented Poste Italiane with a team composed by: Federico Morelli (partner), Martina Baldi (senior associate) and Bianca Casini (associate and solicitor). Tax aspects were handled by Paolo Serva (partner, tax) and Edoardo Diotallevi (managing associate, tax). A&O Shearman represented the joint bookrunners with a team composed by: Cristiano Tommasi (partner), Sarah Capella (counsel) and Paolo Martellone (associate). Elia Ferdinando Clarizia (counsel, tax) advised on tax matters.

Poste Italiane issues €750 million five-year bond with Cappelli Riolo Calderaro Crisostomo Del Din & Partners and A&O Shearman

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