(Finance) – Triad It successfully launched a Green bond emission, single tranche, in euros, fixed rate, intended for institutional investors, for a nominal amount of 750 million euros.
The issue, which he obtained great favor from the market with a maximum request equal to almost five times the offeris characterized by high quality and wide geographical diversification of investors. The launch of the Green Bond was created as part of the Euro Medium Term Notes (EMTN) program of Terna, whose total amount is equal to € 12,000,000,000 and which was attributed a “BBB+” rating by Standard and Poor’s and ” (P) Baa2 ”from Moody’s.
The Green Bond involves a duration of 7 years and deadline on February 17, 2032, will pay one annual coupon of 3.125% By year and will be issued at a price of 99.975%, with a spread of 90 basis points compared to the midswap.
There Regulation date of the issue is scheduled for February 17, 2025.
The net proceeds of the issue will be used to finance the so -called “Eligible Green Projects” of the company, identified or to be identified on the basis of the Green Bond Framework of Terna, drawn up in accordance with the “Green Bond Principles 2021” published by the International Capital Market Association and the taxonomy of the European Union, aimed at promoting sustainable investments.
For the bond loan in question, at the time of the issue – a request for admission to the luxury market luxembourg Stock Exchange will be submitted.
The strategy of the group led by Giuseppina di Foggia is therefore confirmed, oriented to combine “sustainability and growth”, to encourage the ongoing energy transition and generate ever greater benefits for the country and for all its stakeholders. In this regard, Terna has prepared and published a Green Bond Framework in order to facilitate the transparency and quality of the Green Bond issued.
The operation was supported by a banks union, within which they acted, as a joint-bookrunners: Banca Akros, Bnp Paribas, Bofa Securities, Citi, Deutsche Bank, Goldman Sachs International, imi-dcuna Sanpaolo, Mediobanca, Santander and Unicredit.