IFLR1000

Saipem €1 billion EMTN issues

2/9/2016
Investment grade bond/note issue
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€ 1 billion

$ 1.116 billion

Completed

2/9/2016

Overview:

  • Saipem, through finance arm Saipem International Finance, has issued €1 billion in notes under its EMTN programme to be listed on the Luxembourg Stock Exchange.
  • The issue is made up of two tranches, a €500 million five-year 3% issue and a €500 million seven-year 3.75% issue.
  • Banca IMI, BNP Paribas, Citi, Deutsche Bank, Goldman Sachs, JPMorgan, Mediobanca and UniCredit acted as joint bookrunners.

Sam Duke - Editor

Jurisdiction:

Italy

Deal type:

Investment grade bond/note issue

Practice area:

Capital markets : Debt

Governing law:

Italy

Industry sector:

Oil and gas

Firms:
Chiomenti

Party: Saipem (Issuer)

Lawyer: Giorgio Cappelli

Clifford Chance

Party: Banca IMI (Bookrunner)

Party: BNP Paribas (Bookrunner)

Party: Citigroup (Bookrunner)

Party: Deutsche Bank AG Na ON (Bookrunner)

Party: Goldman Sachs (Bookrunner)

Party: JPMorgan Chase (Bookrunner)

Party: Unicredit (Bookrunner)

Party: Mediobanca (Bookrunner)

Lawyer: Filippo Emanuele

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