White & Case LLP has advised Banca Farmafactoring S.p.A. on the English and Italian law aspects of its subordinated Tier 2 bond of €100 million, 5.875 percent notes due 2027, prior to the optional redemption date. Morgan Stanley & Co. International plc acted as sole underwriter and lead manager.

The Notes will be listed on the regulated market of the Irish Stock Exchange.

The White & Case team which advised on the transaction was led by partners Michael Immordino (Milan & London), Ferigo Foscari and local partner Paul Alexander, together with associates Louise Ruggiero, Angelo Messore, Luca Bella and lawyer Charles English (all Milan).