2023-06-29 16:26:00
Rome, June 28. (time.news) – A new milestone in sustainable finance for Alperia: against the issue of the first “green” public bond, Alperia will allocate an amount corresponding to 500 million euros to finance and/or refinance “green” projects. in particular, the new non-convertible bond loan is part of the sustainability strategy aimed at decarbonisation and the responsible use of water resources.In the past, the Company has issued 4 “green” bond loans placed on the private market, the first of which in 2016, which confirm, together with today’s bond loan, the “green” role of the Company also on the capital market.
The total amount of Alperia’s new “green bond”, reserved for qualified investors, which will be issued under the Company’s Euro Medium Term Notes Program of Euro 1.5 billion, most recently updated on June 8, 2023, is equal to 500 million euros, repayable bullet at maturity after 5 years. A fixed rate annual coupon of 5.701% will be paid.
“The operation has met with great interest; in fact, it saw a significant participation of international investors, largely specialized in sustainable finance products, demonstrating the appreciation and trust of investors for the Alperia Group. During the execution, subscription requests were made for approximately one billion euro. It should be emphasized that more than 10% of the new green bond was subscribed by local banks and funds”, comments the General Manager of Alperia SpA, Luis Amort.
An amount corresponding to the funds raised will be used to finance and/or refinance projects that generate significant environmental benefits, the so-called “Eligible Green Projects”, selected on the basis of the evaluation criteria defined in the Green Financing Framework (GFF) published by the Company in May 2023 These projects, which pursue one or more of the objectives of the UN Agenda 2030, or Sustainable Development Goals (SDGs), are divided into the following categories: “Renewable energy”, “Energy efficiency” and “Clean transportation”.
The settlement date of the issue is scheduled for 5 July 2023 and the bonds will be listed, starting from the issue date, on the regulated market of Euronext Dublin. It is also expected that the “green bond” will be assigned a rating in line with that of Alperia equal to BBB by Fitch.
The credit institutions involved in the issue of the Company’s “green bond” are Banca Akros, Bnp Paribas, Crédit Agricole Cib, Intesa Sanpaolo (IMI Cib Division), Mediobanca and UniCredit, coordinated internally by the M&A-Structured Finance Department of Alperia, led by Gianni Cencini. The same credit institutions acted as Green Structuring Advisors in the context of structuring the Green Financing Framework. The Legance Avvocati Associati law firm assisted the Company, while the Gianni & Origoni law firm assisted the placement banks of the “green bond”. Ethica Group with the Debt Advisory team assisted the Company as financial advisor for the structuring of the bond.
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