Global law firm White & Case LLP has advised Intesa Sanpaolo S.p.A. on a US$2 billion Tier 2 subordinated Yankee bond placed under its US$25 billion Medium Term Note Programme.
The subordinated bond issuance is one of the first for an Italian bank in the US market, bears a fixed rate of 5.017 percent and matures in ten years. The notes are exempt from registration under Section 144A of the U.S. Securities Act.
The White & Case team which advised Intesa Sanpaolo was led by partners Michael Immordino (Milan and London), Nicholas Lasagna (Milan) and Ferigo Foscari (Milan) with support from associates Robert Becker (Milan), Derin Altan (London), Cristiano Martinez (Milan) and lawyer Riccardo Maggi Novaretti (Milan).
