White & Case has advised the Italian banks acting as dealers and co-dealers (BNP Paribas, Monte dei Paschi di Siena Capital Services, Banca Akros and Banca Sella) in connection with the fifth issuance of BTP Italia, the Italian inflation-linked four-year bond, issued by the Italian Ministry of Economy and Finance.

This transaction represents the biggest bond issuance in Europe, passing the €18 billion raised last April by the Italian Treasury and raising a record €22.27 billion.

The White & Case team was led by partner Paola Leocani and included associate Ilaria Casciere, both based in Milan.