Terna S.p.A. completed the placement of a senior unsecured bond for a total nominal amount of EUR750 million and with a six-year maturity (21 April 2029). In the transaction Allen & Overy assisted a syndicate of financial institutions acting as joint bookrunners – formed, among others, by BNP Paribas, Crédit Agricole CIB, CaixaBank, HSBC, IMI – Intesa Sanpaolo, Mediobanca and SMBC.
The notes will pay a coupon of 3.625% and have been listed on the Luxembourg Stock Exchange. The bond has been documented under Terna S.p.A.’s EUR9 billion Euro Medium Term Notes programme.
Allen & Overy’s team was led by counsel Alessandra Pala, together with the partners and co-heads of Italy’s International Capital Markets practice Cristiano Tommasi and Craig Byrne, and was supported by trainee Francesco Laurenti. Counsel Elia Ferdinando Clarizia assisted on tax-related aspects.
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