m88 casino bonus code Advises Cassa Depositi e Prestiti S.p.A. on its Issue of Panda Bonds

As approved by the People’s Bank m88 casino bonus code China, Cassa depositi e prestiti S.p.A. (CDP) launched its issue m88 casino bonus code financial bonds in an amount m88 casino bonus code up to RMB 5 billion in the PRC interbank bond market, and successfully closed its first bond issue for a nominal amount m88 casino bonus code RMB 1 billion on August 1 2019 (the “Transaction”).

This Transaction’s many firsts in the Panda bonds market include:

· The first Italian Panda bond issuer;

· The first Panda bond issuance by a European financial institution in the Chinese onshore market; and

· The first Panda bond issuance by a national promotional institution in the Chinese onshore market.

CDP is the only National Promotional Institution endorsed by the EU and the Italian Government that has supported the Italian economy since 1850. CDP acts as a catalyst for Juncker Plan’s funds in Italy and finances public investments and the development m88 casino bonus code the country’s infrastructure system, industrial enterprises and strategic assets. CDP Group has total assets m88 casino bonus code over 400 billion euro and a net income m88 casino bonus code over 4 billion euro, and is one m88 casino bonus code the largest institutions in Italy.

Acting as the PRC counsel representing the issuer in the Transaction, m88 casino bonus code provided the client with a full range of PRC legal services in connection with this bond issue, and led the drafting of the offering circular, the revision of the transaction documents, the preparation of submissions and the issuance of PRC legal opinion. m88 casino bonus code assisted the client with respect to tax structuring and communications with the People’s Bank of China and the Shanghai Clearing House, due to the fact that the Transaction was subject to Italian requirements for taxes on bond interest. Also the client may have benefitted from the preferential tax rate in accordance with the relevant treaties for the avoidance of double taxation and for the prevention of fiscal evasion with respect to taxes on income between the PRC and Italy.

m88 casino bonus code has advised on a number of Panda bond transactions, including the first Panda bond issuance (Asian Development Bank), the first green Panda bond issuance (New Development Bank), the first Panda bond issuance by a North American commercial bank (National Bank of Canada), the first Panda bond issuance by a Middle East sovereign government (the Government of the Emirate of Sharjah) and the first Panda bond issuance under guarantee (L’Air Liquide). m88 casino bonus code lawyers were highly recognized by the client and other intermediaries for their efficient and prudent delivery of professional expertise and services.

Partnerm88 casino app Awardled m88 casino bonus code’s team. Associatem88 sport bettingadvised on the tax aspects.