Allen & Overy advised UniCredit on its first direct listing bond offered by the Bank on the MOT market of Borsa Italiana.
The bond has a 10-year maturity and will pay a fixed annual coupon of 7.25% for the first three years and, starting from October 2026 until its maturity, it will pay a variable coupon determined on the basis of a three-month Euribor rate with a cap of 7.25%.
The Allen & Overy team was led by counsel Emiliano La Sala and partner Cristiano Tommasi assisted by associate Elisabetta Rapisardaand trainee Paolo Martellone.
