Newsalert - Patrimonio Rilancio: purchase of bonds issued by Italian corporates

On 20 November 2020 the draft Italian decree (the "Draft Decree") of the Italian Ministry of Economy and Finance setting out the regulations for the operation of a new Italian Patrimonio Rilancio went to Parliamentary committee stage and the Parliamentary Committees gave their opinion on December. 

The Patrimonio Rilancio is also permitted to invest in certain types of subordinated bond issued by Italian corporates that satisfy a number of criteria.

In our Alert, we summarise the principal characteristics of the bonds, and the criteria to be met by issuers.