Milan, December 2, 2013 – Today, A2A has successfully privately placed a 300 million Euro tenyear bond under its 3 billion Euro Medium Term Notes Programme approved and increased by the Management Board of A2A on November 7, 2013.
The private placement is in line with the Group’s financial strategy, aimed at extending the average maturity of the Company’s debt stock and optimizing the maturity schedule. Proceeds will be used to reimburse the debt close to maturity.
The notes – with a minimum denomination of 100 thousand Euro, and maturity on December 4, 2023 – have a 4.000% annual coupon rate, and reoffer price of 99.539%. The re-offer yield is 4.057%, corresponding to 210 basis points over the underlying interest rate swap.
The notes are governed by English law. The settlement date is December 4, 2013, when the notes will be listed on the Luxembourg Stock Exchange.
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