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

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.