Allen & Overy advised global coordinators on new A2A Green Bond
Worth EUR650 million, these have an eight-year maturity period
Allen & Overy advised global coordinators on new A2A Green Bond Worth EUR650 million, these have an eight-year maturity period International law firm Allen & Overy has advised global coordinators and joint bookrunners on A2A S.p.A. new green bonds with a 4.500 percent fixed annual coupon. This will finance green projects aligned with the EU taxonomy for...
Allen & Overy advised global coordinators on new A2A Green Bond
Worth EUR650 million, these have an eight-year maturity period
International law firm Allen & Overy has advised global coordinators and joint bookrunners on A2A S.p.A. new green bonds with a 4.500 percent fixed annual coupon. This will finance green projects aligned with the EU taxonomy for sustainable activities.
The new green bond is addressed to institutional investors only and issued under the Euro Medium Term Notes Programme. It is listed on the Luxembourg Stock Exchange and based on the company's A2A Sustainable Finance Framework.
The net proceeds from the issuance will be used to finance and/or refinance strategic projects in the fields of circular economy and energy transition. The Eligible Green Projects are mainly related to renewable energy, transmission and distribution networks, energy efficiency, and pollution prevention and control.
A2A pre-emptively assessed the alignment of those green projects to the EU taxonomy, with reference to the substantial contribution to the environmental objective of 'Climate Change Mitigation' and 'Climate Change Adaptation'.
The financial institutions advised by Allen & Overy include BNP Paribas and Mediobanca as global coordinators and BNP Paribas, Citigroup, Crédit Agricole CIB, Goldman Sachs International, IMI-Intesa Sanpaolo, JP Morgan, Mediobanca, Santander, and UniCredit as joint bookrunners.
The law firm's team was led by International Capital Markets partners Cristiano Tommasi and Craig Byrne and counsel Alessandra Pala. They were supported by associates Elisabetta Rapisarda and Alessandro Negri and trainee Marco Mazzurco. The tax aspects advice was provided by counsel Elia Ferdinando Clarizia.