DWF advises Valtellina S.p.A. in the issue of €10 million bond loan
26 November 2020
DWF have advised Valtellina S.p.A., a leading telecommunications plant equipment manufacturer, in a transaction involving the issue of a bond loan worth €10 million, subscribed by Intesa Sanpaolo S.p.A. as part of its Basket Bond program.
The transaction, that follows the debenture loan of €12 million which was undertaken in December 2019, and issued by Valtellina and subscribed by UniCredit S.p.A., will help ensure the enactment of their investment and development plans.
On March 6, the U.K. government unveiled its Spring Budget, introducing yet more changes to the pensions landscape. Largely, these reforms are a continuation of the so-called “Productive Finance” initiative, which the Chancellor has been championing since Summer 2023, as well as the drive to improve outcomes for defined contribution ("DC") pension savers through both the value for money framework and the lifetime provider model.