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A&O Shearman advises on EUR600 million bond by CDP Reti
CDP Reti has issued a EUR600 million fixed-rate unsecured bond with a 3.875% annual coupon and 7-years maturity.
A&O Shearman advised the joint lead managers in the transaction – Bank of China, BNP Paribas, Crédit Agricole CIB, HSBC, IMI-Intesa Sanpaolo, Mediobanca and UniCredit.
The bond is intended for institutional investors and was admitted to listing on the regulated market of the Irish Stock Exchange (Euronext Dublin).
The proceeds from the bond issuance are intended to refinance part of CDP Reti's financial debt.
The A&O Shearman team was led by partner Cristiano Tommasi, supported by counsel Alessandra Pala, senior associate Elisabetta Rapisarda, and associate Paolo Martellone. Counsel Elia Ferdinando Clarizia advised on tax-related aspects.
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