The new Green Bond, which is addressed to institutional investors only and issued under the Euro Medium Term Notes Programme listed on the Luxembourg Stock Exchange, is based on A2A’s Sustainable Finance Framework of the company.
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 so-called Eligible Green Projects mainly related to renewable energy, transmission and distribution networks, energy efficiency, and pollution prevention and control, as defined in A2A’s Sustainable Finance Framework.
A2A pre-emptively assessed the alignment of those green projects to the EU Taxonomy (with particular reference to the substantial contribution to the environmental objective of ‘Climate Change Mitigation’ and ‘Climate Change Adaptation’).
A&O advised the financial institutions – 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 – with a team led by International Capital Markets partners Cristiano Tommasi and Craig Byrne, with counsel Alessandra Pala, supported by associates Elisabetta Rapisarda and Alessandro Negri and trainee Marco Mazzurco. Counsel Elia Ferdinando Clarizia advised on tax aspects.