White & Case advises Intesa Sanpaolo on US$2 billion Yankee bond issuance

Global law firm White & Case LLP has advised Intesa Sanpaolo S.p.A. on a US$2 billion Yankee bonds issuance under its recently updated US$50 billion Medium Term Note Programme.

The issuance consists of two tranches: the first US$750 million 7.000% unsubordinated preferred notes due 2025 and the second US$1.25 billion 8.248% fixed rate resettable unsubordinated non-preferred notes due 2033, issued pursuant to Rule 144A and Regulation S under the US Securities Act.

The White & Case team that advised on the transactions included partners Michael Immordino and Evgeny Scirtò Ostrovskiy (both London and Milan) and Ferigo Foscari (Milan), associates Pietro Magnaghi and John Sanders and lawyers Stefania Maracich and Francesco Balestra (all Milan).

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