Milan, 23 November 2012. A2A (S&P Rating BBB, Outlook Negative / A-2, Moody's Rating Baa3 /P-3, Outlook Negative) has successfully placed a 750 million Euro seven-year bond targeted to institutional investors on the European market.
The bond has been issued under A2A's 2 billion Euro Medium Term Notes Programme and was approved by the Management Board on 15 November 2012.
The notes have a minimum denomination of 100 thousand Euro, mature on 28 November 2019, and have a 4.500% annual coupon rate. The reoffer price has been 99.718%, with a reoffer yield of 4.548%, 325 basis points over the underlying interest rate swap (7-year mid-swap). The notes are governed by English law. The settlement date is 28 November 2012. The notes will be traded on the Luxembourg Stock Exchange.
The bond issue is part of the Group's financial strategy, aimed at ensuring an adequate level of liquidity, extending the average maturity of the company's debt stock, and diversifying funding.
The placement of the notes has been managed by Banca IMI, BNP Paribas, Mediobanca and UniCredit Bank, as active Joint Bookrunners, as well as Banca Akros – Gruppo BPM and Centrobanca as passive Joint Bookrunners.
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A2A - Media Relations A2A
Tel. 02 7720.4582
ufficiostampa@a2a.eu
Investor Relations Team
Tel. 02 7720.3974
ir@a2a.eu
www.a2a.eu
Duty to notify the public in accordance with Consob decision no. 11971 of 05/14/1999 as amended
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