(Finance) – The Board of Directors of A2Aan Italian multi-utility listed on Euronext Milan, has authorized the issuance of one or more bonds unsubordinated, unsecured and non-convertible, under its 6 billion euro EMTN Program established in 2012, up to a overall maximum of 1 billion eurosby 31 May 2022. It is also possible to issue green and sustainability-linked bonds.
The bond issues will be earmarked, inter alia, for finance and / or refinance the group’s investments and / or to maintain suitable liquidity levels, as well as be used for one or more liability management transactions. The decision, explains a note, is part of the context of the A2A group’s financial strategy also aimed at ensuring efficient management of the group’s repayment profiles, extending the average life of the debt and supporting the credit rating.