Pietro Magnaghi

Eurobonds, Private Placements and Medium Term Note Programmes

Banco BPM's EMTN Programme, 2020-2024
Pietro advised Banco BPM S.p.A. in connection with its €25 billion EMTN Programme.

Aeroporti di Roma's EMTN Programme, 2021-2023
Pietro advised a pool of banks in connection with Aeroporti di Roma S.p.A.'s €2 billion EMTN Programme.

Autostrade per l'Italia's EMTN Programme, 2020-2023
Pietro advised Autostrade per l'Italia S.p.A. in connection with its €7 billion EMTN Programme.

Intesa Sanpaolo's MTN Programme, 2020-2023
Pietro advised Intesa Sanpaolo S.p.A. in connection with its US$50 billion MTN Programme.

ASR Media and Sponsorship's €175 million issuance, 2022
Pietro advised ASR Media and Sponsorship S.r.l., a special purpose entity that holds the media, broadcast and sponsorship rights of the Italian football club AS Roma, in connection with its €175 million senior secured notes due 2027. The notes have been sold through a private placement to US institutional investors.

Enel's US$4 billion issuance, 2022
Pietro advised Enel Group in connection with a US$4 billion issuance of Yankee bonds. The issuance consists of (i) US$1 billion 7.100% notes due 2027, issued by Enel Finance America LLC and (ii) US$750 million 6.800% notes due 2025, (iii) US$1.250 billion 7.500% notes due 2032 and (iv) US$1 billion 7.750% notes due 2052, all issued by Enel Finance International NV, offered and sold pursuant to Rule 144A and Regulation S under the US Securities Act. 

Enel's €8 billion Euro-Commercial Paper (ECP) Programme, 2020-2022
Pietro advised Citigroup Global Markets Limited, as arranger, in connection with Enel Group's Sustainable Development Goal (SDG) Target Euro-Commercial Paper (ECP) Programme, with a maximum total value of €8 billion. 

ASTM's EMTN Programme, 2020-2021
Pietro advised a pool of banks in connection with the issuance of ASTM S.p.A.'s €4 billion Medium Term Note Programme. 

AMCO's EMTN Programme, 2021
Pietro advised Morgan Stanley & Co. International Plc, as sole arranger and dealer, in connection with AMCO S.p.A.'s €6 billion EMTN Programme.

Acea's EMTN Programme, 2020-2021
Pietro advised Acea S.p.A. in connection with its €5 billion EMTN Programme.

Aéroports de la Côte d'Azur's €40 million issuance, 2021
Pietro advised Aéroports de la Côte d'Azur in connection with its dual tranche issuance of €40 million 2.000% notes due 2033 and €50 million 2.500% notes due 2036. The notes have been offered and sold pursuant to Regulation S under the US Securities Act and will be listed on the Euro MTF market of the Irish Stock Exchange.

Republic of San Marino's €340 million issuance, 2021
Pietro advised JP Morgan Securities Plc and Credit Suisse Securities Sociedad de Valore S.A., as joint lead managers, in connection with the first sovereign issuance by the Republic of San Marino of €340 million 3.25% notes due 2024. The notes have been offered and sold exclusively to professional investors pursuant to Regulation S under the US Securities Act and have been listed on the Euro MTF market of the Luxembourg Stock Exchange.

Atlantia's €1 billion issuance, 2021
Pietro advised Atlantia S.p.A. in connection with its issuance of €1 billion 1.875% notes due 2028. The notes have been listed on the Global Exchange Market managed by Euronext Dublin and offered and sold pursuant to Regulation S under the US Securities Act.

Eni's EMTN Programme, 2019
Pietro advised Eni S.p.A. in connection with its EMTN Programme and ECP Programme.

2i Rete Gas' €500 million issuance*
Pietro advised Barclays, BNP Paribas, Goldman Sachs and UniCredit as joint lead managers on the issuance of €500 million notes due 2027 by 2i Rete Gas under its EMTN Programme.

Ferrovie dello Stato Italiane's €600 million issuance*
Pietro advised Ferrovie dello Stato Italiane S.p.A. in connection with its €600 million inaugural green bond due 2023 issued under its EMTN Programme.

Banca IFIS' €400 million issuance*
Pietro advised Nomura, UBS and UniCredit in connection with the inaugural issuance of €400 million Tier 2 notes due 2027 by Banca IFIS under its EMTN Programme.

Azienda Trasporti Milanesi's €70 million issuance*
Pietro advised Azienda Trasporti Milanesi S.p,A, in connection with the issuance of its €70 million notes.

Autostrada Brescia Verona Vicenza Padova's €600 million issuance*
Pietro advised Banca IMI, UniCredit Bank AG and Morgan Stanley & Co. International plc, as Joint Lead Managers, in connection with the issuance by Autostrada Brescia Verona Vicenza Padova of €600 million 2.375% Senior Secured Notes due 2020.

Liability Management

AMCO's consent solicitation, 2023
Pietro advised Morgan Stanley, Société Générale and UniCredit, as joint dealer managers, in connection with AMCO – Asset Management Company's tender offer on its outstanding €1.25 billion senior preferred unsecured notes due 2023.

Brebemi's consent solicitation, 2022
Pietro advised Società di Progetto Brebemi S.p.A. (Brebemi) in connection with a consent solicitation addressed to the holders of its outstanding €1.205 billion Class A3 senior secured zero coupon notes due 2042.

Autostrade per l'Italia consent solicitation, 2021
Pietro advised Autostrade per l'Italia S.p.A., as issuer, in connection with a consent solicitation launched on nine series of outstanding bonds (approximately €2.7 billion in nominal amount) guaranteed by Atlantia S.p.A.

Republic of Italy's buy-back*
Pietro advised Banca IMI and UniCredit as dealer managers and joint lead managers on the Republic of Italy's buy-back of €4.2 billion of outstanding notes and the concurrent issuance of additional five tranches of notes.

Pirelli's consent solicitation*
Pietro advised Pirelli Group on a consent solicitation and subsequent meeting of holders of €600 million notes due 2019 issued by Pirelli International plc and guaranteed by Pirelli Tyre S.p.A.

Retail Bonds

Cassa Depositi e Prestiti's €1.5 billion issuance*
Pietro advised Banca IMI, UniCredit and BNP Paribas as lead managers ("Responsabili del Collocamento") in connection with the €1.5 billion second retail bond issued by Cassa Depositi e Prestiti (CDP), a joint-stock company under the control of the Republic of Italy.

*Pietro carried out these experiences prior to joining White & Case