That launches a green bonds. Following the resolution of the board of directors of January 13, 2023, the Roman multi-utility announced the launch of a bond loan for a "benchmark" amount, i.e. a reference, and with a duration of 8 years, within the Green Financing Framework and based on the Euro Medium Term Notes program from 5 billion euros. The bond placement operation will be managed by Bank of America, Goldman Sachs, Intesa Sanpaolo IMI, JP Morgan, Unicredit.
I proceeds of the issue, Acea explains in a note, will be used to finance specific projects that they pursue sustainability goals. In particular, those relating to the resilience of the electricity distribution network, energy efficiency, electric mobility, the development of the circular economy and the increase in the production of energy from renewable sources and the protection of water resources.
Il title of Acea travels in positive territory at 14,39 euros (+0,49% at mid-session).
Acea's new green bond
The bond of group, reserved exclusively for institutional investors Italian and foreign investors - with the exception of investors located in the United States or who are "US persons" - will be listed on the Luxembourg Stock Exchange and the final conditions of the offer, determined after the outcome of the bookbuilding activity, will be communicated by the company as soon as available.
The agencies Moody's Investors Service e Fitch Ratings assigned a rating to the company's long-term debt respectively equal to Baa2 (negative outlook) e BBB + (stable outlook).
Crazy about sustainable bonds
Acea's is the latest issue in chronological order, after that Enel kicked off January 9, garnering over 15 billion orders with yours hybrid bond from 1,75 billion. January 10th was the turn of Unicredit which issued a 1 billion euro senior preferred bond aimed at institutional investors, collecting orders for 2,85 billion, followed by Pirelli, Bpm bank ed Eni they went to market with placements linked to sustainable goals. In the end, Iccrea on 13 January it concluded the 500 million issue of its second social bond subscribed by 125 investors.
