Clifford Chance

Clifford Chance Italy advised the Banks in the Recent Bond Issuance by Intesa Sanpaolo, UniCredit and Credito Valetellinese marking a busy start to the year for the Debt Capital Market sector

INTESA SANPAOLO S.p.A. - EUR 750 MILLION FIXED RATE NOTES ISSUANCE

Intesa SanPaolo has issued a new series of two year fixed rate notes due 2016 in the amount of EUR 750 million under its EUR 70 billion EMTN programme.
Clifford Chance advised the joint lead managers*

*Banca IMI S.p.A., BNP Paribas, Credit Suisse Securities Europe Limited, Deutsche Bank AG and Morgan Stanley & Co. International Plc.

UNICREDIT S.P.A. -  EUR 1.25 BILLION FLOATING RATE NOTES ISSUANCE

UniCredit has issued a new series of 18 months plus one day senior benchmark floating rate note in the amount of EUR 1.25 billion.
Clifford Chance advised UniCredit Bank AG, Goldman Sachs International and Société Générale who have managed the placement acting as joint bookrunners, joint lead managers and the co-managers*. The issuance is made under UniCredit’s Euro Medium Term Notes Program.

* DZ BANK AG Deutsche Zentral-Genossenschaftsbank, Natixis and Raiffeisen Bank International AG

CREDITO VALTELLINESE  S.C. -  EUR 250 MILLION FLOATING RATE NOTES  ISSUANCE

Credito Valtellinese Società Cooperativa has issued a new series of floating rate notes due 2013 in the amount of EUR 250 million under its EUR 3 billion EMTN programme. Clifford Chance advised the joint lead managers*

*Banca IMI S.p.A., Barclays Bank Plc and Natixis