Global law firm Hogan Lovells Cadwalader has advised Acea S.p.A. on its first Blue Bond issuance, for a total amount of €500 million. The bond will pay a coupon of 3.375% with a 6-year maturity, representing the first Italian public issuance in Blue format.
The placements were issued under ACEA’s Green & Blue Financing Framework and under its €5 billion Euro Medium Term Notes (EMTN) programme. They are governed by English law and listed on the regulated market of Borsa Italiana (MOT).
The issuance attracted strong demand from institutional investors from numerous geographical areas with the offer oversubscribed more than three times the amount offered.
The Hogan Lovells Cadwalader team that advised on the transaction was led by partner Alessandro Accrocca, and included associates Edoardo Minnetti and Noemi Biagini, and trainee Riccardo Del Torto.
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