Clifford Chance has advised Vseobecna Uverova Banka a.s., the Slovak subsidiary of Intesa Sanpaolo, on the update of its EUR 5 billion covered bond program and another syndicated EUR 500 million issuance via the Luxembourg Stock Exchange. Allen & Overy reportedly advised joint lead managers Banca IMI S.p.A., Commerzbank Aktiengesellschaft, Danske Bank A/S, Erste Group Bank AG, and Landesbank Baden-Wuerttemberg.
According to Clifford Chance, “the transaction followed the footsteps of the VUB's 2019 issuances [initially reported by CEE Legal Matters on April 1, 2019], which represented a landmark for the covered bonds market in Slovakia.”
Clifford Chance’s Prague-based team included Senior Associate Stanislav Holec and Junior Lawyer Andrej Havko, while its team in Milan included Partner Filippo Emanuele and Senior Associate Jonathan Astbury.
