New Italian Rules to Create a More Favorable Regulatory Regime for the Issuance of Corporate Bonds

Explore:  Bonds Corporate Bonds EU

On February 21, 2014, Italy enacted Law No. 9 (the “New Law”), which, among other things:

- reduces the tax cost of taking security in connection with notes offerings;

- expands the array of security that can be granted in connection with the issuance of notes;

- introduces new rules which render the investments in corporate bonds more attractive and tax efficient also for investment funds, insurance companies and pension funds; and

- allows the structuring of securitization transactions having corporate bonds as underlying assets and the issuance of collateralized bank bonds secured by corporate bonds.

Please see full memo below for more information.

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Topics:  Bonds, Corporate Bonds, EU

Published In: General Business Updates, Finance & Banking Updates, International Trade Updates, Tax Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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