White & Case LLP has advised Banca IMI and UniCredit, as dealers, and Banca Akros and Banca Sella Holding as co-dealers, on the issuance by the Republic of Italy of approximately €8 billion nine-year BTP Italia bonds that are linked to Italian inflation.

The offering was carried out over two separate periods. The first was targeted at retail investors and the second focused on institutional investors.

The White & Case team which advised on the transaction was led by partner Paola Leocani with support from associate Pietro Magnaghi.