IFLR1000

Republic of Italy €4.2 billion BTP Italia bond buyback

1/6/2017
Bond/note buyback
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€ 4.2 billion

$ 4.707 billion

Announced

1/6/2017

Overview:

  • The Republic of Italy has made a €4.2 billion buyback of its €22.418 billion BTP Italia issuance.
  • The deal sees the Republic issuing five new bonds as part of the exchange offer.
  • Dealer managers and joint lead managers were Banca IMI and UniCredit.
  • The bonds had been due for repayment in November 2017.

Katrin Kostadinova - Data analyst

Jurisdiction:

Italy

Deal type:

Bond/note buyback

Practice area:

Capital markets : Debt

Governing law:

Italy

Industry sector:

Government and public policy

Firms:
Jones Day

Party: Banca IMI (Dealer manager, Joint lead manager)

Party: Unicredit (Dealer manager, Joint lead manager)

Simmons & Simmons

Party: Banca IMI (Dealer manager, Joint lead manager)

Party: Unicredit (Dealer manager, Joint lead manager)

Lawyer: Paola Leocani

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