(Finance) – A2Aan Italian multi-utility listed on Euronext Milan, has placed a new € 600 million Green Bond with a duration of 4 years, which will finance Green Projects aligned with the EU Taxonomy. Issue received orders for over 1.7 billion euros, about 3 times the amount offered. The bond was placed at an issue price of 99.580%, will have an annual yield of 2.612% and a coupon of 2.500%, with a spread of 93 basis points over the reference mid swap rate.
“The operation is to support the country’s ecological transition and participates in the achievement of the sustainability objectives that the group has set itself in its Strategic Plan “, commented theCEO Renato Mazzoncini. The bond, intended for institutional investors and issued under the Euro Medium Term Notes Program, is based on the group’s Sustainable Finance Framework, the set of guidelines that strengthen the link between financial strategy and sustainable strategy.
THE net income will go to finance the Eligible Green Projects: strategic circular economy and energy transition projects linked to the development of renewables and the environmental sector, defined within the A2A Sustainable Finance Framework.
Will be required the admission of the securities to listing on the regulated market of the Luxembourg Stock Exchange from 15 June 2022. The placement transaction was handled by IMI-Intesa Sanpaolo And Santander as Global Coordinatorsand from BBVA, BNP Paribas, Crédit Agricole CIB, Goldman Sachs International, IMI-Intesa Sanpaolo, MediobancaSantander and UniCredit as Joint Bookrunners. A2A is assisted by the law firm Simmons & Simmons and the banks by Allen & Overy.