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Allen & Overy advises on the Euro-Commercial Paper Programme by Ferrovie dello Stato

Published Date

Oct 30, 2023

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Allen & Overy has advised Ferrovie dello Stato Italiane S.p.A. (FS) on the constitution of its Euro-Commercial Paper Programme (ECP Programme), with a duration of three years and an aggregate maximum amount up to 2 billion euros.

The ECP Programme has been submitted to the STEP Secreteriat to obtain the so-called STEP Label.

The commercial papers will be offered to institutional investors only, with a minimum denomination per unit of 100,000 euros or equivalent amount in another currency.

The Allen & Overy was led by counsel Alessandra Pala and partner Cristiano Tommasi, supported by associate Alessandro Negri. Counsel Elia Ferdinando Clarizia advised on tax aspects.

The ECP Programme has been submitted to the STEP Secreteriat to obtain the so-called STEP Label.

The commercial papers will be offered to institutional investors only, with a minimum denomination per unit of 100,000 euros or equivalent amount in another currency.

The Allen & Overy was led by counsel Alessandra Pala and partner Cristiano Tommasi, supported by associate Alessandro Negri. Counsel Elia Ferdinando Clarizia advised on tax aspects.