News

A&O Shearman advises on first Tier 2 dematerialised bond by UnipolSai

Published Date
May 23, 2024
A&O Shearman has advised the financial institutions acting as Joint Lead Managers on the placement of a EUR750 million Tier 2 bond issued by UnipolSai Assicurazioni S.p.A. with 10-years maturity (23 May 2034). The bond was issued in dematerialised form and held through Euronext Securities (formerly Monte Titoli).

This operation represents the first bond issuance under an EMTN programme in dematerialised form by an insurance company.

The bond has a fixed rate coupon of 4.9% and was admitted to listing on Luxembourg Stock Exchange. 

The A&O Shearman team acting for the Joint Lead managers - BNP Paribas, Goldman Sachs International, IMI Intesa Sanpaolo, J.P. Morgan SE and Mediobanca – Banca di Credito Finanziario S.p.A. – was led by partners Cristiano Tommasi and Craig Byrne, with counsel Alessandra Pala, supported by associate Alessandro Negri. Counsel Elia Ferdinando Clarizia advised on tax-related aspects. 

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About the
authors

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Cristiano Tommasi

Partner

Rome

Cristiano's main focus area is in both international and domestic capital mark...
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Craig Byrne

Partner

Milan

Craig is focussed on corporate finance and bank regulatory. 
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Alessandra Pala

Counsel

Rome

Alessandra has gained extensive experience advising Italian and foreign investment banks and corporate entities on various types of cap...
Alessandro Negri

Alessandro Negri

Associate

Rome

Alessandro provides assistance to major Italian and foreign investment banks as well as corporate entities on a wide range of equity an...
Elia Ferdinando Clarizia

Elia Ferdinando Clarizia

Counsel

Milan

Elia has over 22 years’ experience advising Italian and international financial institutions, large multinationals and institutio...