> Capital Markets

Capital Markets

Tax and regulatory advice on the structuring of bond issues, the management of related compliance obligations, and transactions involving equity-linked financial instruments.
What We Do

Tax and regulatory requirements for access to capital markets

Studio Forni assists companies, groups and investors with the tax structuring of capital market fundraising transactions, with particular reference to corporate bond issues.

The Studio analyses the characteristics of the transaction, the financial instruments used and the associated tax implications, assisting the client in devising a structure consistent with their financial and corporate objectives.

The services include coordinating compliance with requirements set by the Bank of Italy, Monte Titoli, and Borsa Italiana, as well as liaising with financial institutions, legal advisors, investors, and other professionals involved.

Areas of focus

A specialized unit overseeing capital markets operations

The firm guides the client through the various stages of the transaction, combining tax analysis, structuring of the instrument, and management of regulatory compliance.

Preliminary Analysis of the Transaction

Tax Structuring of Corporate Bonds

Tax Documentation and Opinions

Reporting Requirements to the Bank of Italy

Relations with Monte Titoli and Borsa Italiana

Participatory Financial Instruments

Are you considering a capital markets transaction?

Process

From structuring to completion of the offering

Each transaction is managed through a coordinated process that integrates tax analysis, regulatory requirements, and execution activities.

Definition of the Operation

Let’s analyze the fundraising objectives, the issuer’s characteristics, the target investors, and the projected financial structure.

Tax and Corporate Structuring

Valutiamo le alternative e definiamo il trattamento fiscale e societario dello strumento e dei relativi flussi.

Regulatory Coordination

We oversee compliance and liaise with the Bank of Italy, Monte Titoli, Borsa Italiana, and the relevant advisors.

Issuance and Subsequent Activities

We assist the client in completing the transaction and managing the post-issuance obligations.

Enforcement Discipline

Capital market transactions require technical precision, coordination, and adherence to timelines. Studio Forni maintains a holistic view of the transaction, linking tax and corporate matters to regulatory compliance and the activities of the various stakeholders.

Service

Complementary Skills for Complex Financial Transactions

Capital markets transactions may involve financing, corporate reorganizations, and ongoing tax planning. The firm brings together the diverse expertise needed to provide coordinated management.

A confidential discussion about your needs