Milano, 11 October 2017 - Today, A2A has successfully launched the issue of a ten-year bond for a total amount of 300 million euro, exclusively targeted at institutional investors, under its Euro Medium Term Notes Programme.
The notes have an annual coupon of 1,625%, and were placed at an issue price equal to 98,700%, with a spread of 87 basis points over the reference mid-swap rate. The bonds are governed by English law and will be prompted for the admission to trade on the Luxembourg Stock Exchange starting October 19, 2017, the expected date of settlement of the bond issue, subject to the signing of the relevant documentation. The new notes will be assigned a rating by Moody's and Standard & Poor's.
The issue is in line with the Group’s financial strategy, aimed at increasing the average debt maturity, optimizing the maturity profile, while reducing the average cost of debt.
As announced earlier today, A2A has launched a tender offer for the partial buy-back of the notes due in 2019 and 2021. The terms of the tender are described in the Tender Offer Memorandum dated October 11, 2017. The tender offer will expire on October 18, 2015.
The placement of the new notes, and the Tender Offer, was managed by Citigroup Global Markets Limited, Goldman Sachs International, Mediobanca – Banca di Credito Finanziario S.p.A, Société Générale and UniCredit Bank AG. A2A was assisted by the law firm Legance - Avvocati Associati.
For further information:
Media Relations:
Giuseppe Mariano
tel. 02 7720.4583
ufficiostampa@a2a.eu
Investor Relations:
tel.02 7720.3974
ir@a2a.eu
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