A2A Issues Italy's First Blue Bond Worth €155 Million for Water Resource Projects

"Simmons & Simmons has assisted A2A in the placement of Italy's first blue bond, amounting to €155 million with a five-year duration. The proceeds will be used for water resource protection and financing eligible blue projects. The bond, governed by English law, was subscribed by major Italian and foreign investors and is listed on the Italian Stock Exchange's Telematic Bond Market. The private placement was coordinated by BofA Securities, Goldman Sachs International, and Mediobanca, with Linklaters advising the banks involved."

Simmons & Simmons assisted A2A in the placement of the first blue bond issued by an Italian company, amounting to €155 million with a duration of 5 years. Linklaters provided support to the banks acting as global coordinators and joint bookrunners. This transaction marks the first bond issued by an Italian issuer in "blue" format, with proceeds allocated for the protection and enhancement of water resources by financing "Eligible Blue Projects." The securities, governed by English law and subscribed by leading Italian and foreign investors, were issued under the European Medium Term Notes Program approved in December 2024 (and updated through supplements in January and September 2025) by the National Commission for Companies and the Stock Exchange (Consob). They are listed on the Telematic Bond Market (MOT) managed by Borsa Italiana. Simmons & Simmons' team was led by partner Paola Leocani, supported by counsel Baldassarre Battista. The private placement was coordinated by BofA Securities, Goldman Sachs International, and Mediobanca – Banca di Credito Finanziario. Linklaters' team was coordinated by counsel Linda Taylor and included managing associates Laura Le Masurier and Matteo Pozzi, as well as associate Leonardo Agostini.

A2A Issues Italy's First Blue Bond Worth €155 Million for Water Resource Projects

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