IFLR1000

Passante di Mestre toll road €830 million project bond issue

8/4/2016
Project bond issue, Refinancing
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€ 830 million

$ 945.6 million

Completed

8/4/2016

Overview:

  • CAV (Concessioni Autostradali Venete) has issued a project bond in order to refinance Venice's Passante di Mestre toll road.
  • The project bond is the first to be guaranteed by the European Investment Bank (EIB).
  • The 32km road connects Padua and Venice and was completed in 2008.
  • Alliance Global Investors acquired €400 million in bonds following the issue.

Sam Duke - Editor

Read further analysis of this deal on IFLR.com

Jurisdiction:

Italy

Deal types:

Project bond issue
Refinancing

Practice areas:

Project finance
Capital markets : Debt

Industry sector:

Transport

Firms:
A&O Shearman

Party: Banca IMI (Bookrunner)

Party: BNP Paribas (Bookrunner)

Party: Société Générale (Bookrunner)

Party: Royal Bank of Scotland (RBS) (Bookrunner)

Party: Unicredit (Bookrunner)

Lawyers: Morgan Krone, Tim Conduit

Bonelli Erede Lombardi Pappalardo

Party: Banca IMI (Bookrunner)

Party: BNP Paribas (Bookrunner)

Party: Société Générale (Bookrunner)

Party: Royal Bank of Scotland (RBS) (Bookrunner)

Party: Unicredit (Bookrunner)

Lawyers: Catia Tomasetti, Emanuela Da Rin

Chiomenti

Party: ANAS - Azienda Nazionale Autonoma delle Strade (Shareholder)

Clifford Chance

Party: European Investment Bank - EIB (Guarantor)

Lawyer: Clare Burgess

Gianni & Origoni

Party: Concessioni Autostradali Venete - CAV (Issuer)

Lawyers: Ottaviano Sanseverino Vimercati, Richard Hamilton

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