International law firm Simmons & Simmons has advised the dealers and co-dealers for MPS Capital Services, UniCredit Bank, Banca Akros and Method Investments & Advisory on the third issue of BTP Italia, the four year government bond.
After the success of the first and second issues in March and June, the Ministry of Finance has put forward a new issue of Italian government bonds indexed to inflation. The third tranche of the placement reaches a record harvest of more than €18 billion.
Simmons & Simmons advised on the administrative and compliance aspects of the issue with a particular focus on the Decree. Financial Markets partner Piergiorgio Leofreddi, based in Simmons & Simmons’ Rome office advised, assisted by Annalisa Feliciani.
BTP Italia, the Italian Government bond linked to domestic inflation, is designed for small savers and families. As in previous editions, it will run for four years. It has been placed through the MOT Italian Stock Exchange and has been acquired by investors through home banking online platforms.
