A&O Shearman Advised On Italgas S.p.A.’s EUR1 Billion Dual-Tranche Bond Issue

A&O Shearman Advised On Italgas S.p.A.’s EUR1 Billion Dual-Tranche Bond Issue

A&O Shearman advised on Italgas S.p.A.'s successful placement of a EUR1 billion dual-tranche fixed-rate bond issue under its Euro Medium Term Notes programme.

The issuance included two tranches:

• EUR500 million maturing in 2030 with a 2.875% fixed annual coupon
• EUR500 million maturing in 2034 with a 3.500% fixed annual coupon

The bonds, governed by English law, are listed on the regulated market of the Luxembourg Stock Exchange. A&O Shearman assisted the Joint Bookrunners, including Banca Akros, BofA Securities, Citi, J.P. Morgan, Morgan Stanley, and Société Générale.

The A&O Shearman team was led by (Partner) Cristiano Tommasi, supported by (Senior Associates) Sarah Capella and Elisabetta Rapisarda, and (Trainee) Lisa Avitabile. (Counsel) Elia Ferdinando Clarizia advised on tax-related aspects.