A2a today successfully placed a bond issue in private placement for an amount equal to 300 million euro and with a ten-year duration.
The private placement is in line with the Group's financial strategy, aimed at lengthening the average duration of the debt and optimizing the time profile of maturities. The funds raised will be used to repay the debt due.
The bonds, which have a minimum denomination of 100 thousand euros and mature on 4 December 2023, have an annual coupon of 4,000% and were placed at an issue price of 99,539%. The effective gross rate of return at maturity is equal to 4,057%, corresponding to one
spread of 210 basis points above the reference rate.
The bonds are governed by English law. The settlement date for the subscription has been set as 4 December 2013, the date from which the bonds will be listed on the Luxembourg Stock Exchange.
