IFLR1000

Italian regions €5.6 billion note buyback

25/11/2015
Bond/note buyback
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€ 5.6 billion

$ 6.100 billion

Completed

25/11/2015

Overview:

  • Six Italian regions (Campania, Lazio, Liguria, Lombardia, Marche and Puglia) have undertaken a cash tender offer for their issued notes.
  • The aim of the deal is to reduce the financial liabilities of each region .
  • The buyback is being funded by a loan provided by the Italian government.
  • Barclays, BNP Paribas, Citi and Deutsche bank all took roles on the deal.

Sam Duke - Editor

Jurisdiction:

Italy

Deal type:

Bond/note buyback

Practice area:

Capital markets : Debt

Industry sector:

Government and public policy

Firms:
Allen & Overy

Party: Barclays (Manager)

Party: BNP Paribas (Manager)

Party: Citigroup (Manager)

Party: Deutsche Bank AG Na ON (Manager)

Linklaters

Party: Consiglio Regionale della Puglia (Acquirer, Issuer)

Party: Consiglio Regionale della Marche (Acquirer, Issuer)

Party: Consiglio Regionale della Liguria (Acquirer, Issuer)

Party: Consiglio Regionale della Campania (Acquirer, Issuer)

Party: Consiglio Regionale della Lombardia (Acquirer, Issuer)

Party: Consiglio Regionale della Lazio (Acquirer, Issuer)

Lawyers: Dario Longo, Linda Taylor

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