The Management Board of A2A S.p.A. approved a resolution authorizing the issuance of bond securities in the amount of up to EUR 1 billion
Milan, 15 November 2012 - At a meeting held today and chaired by Graziano Tarantini, the Management Board of A2A S.p.A. approved a resolution authorizing the issuance of bond securities in the amount of up to EUR 1 billion as part of the EUR 2 billion EMTN programme approved on 19 September 2012. The securities are to be placed with qualified investors, and an application will be made for their admission to trading on the Luxembourg Bourse.
Chairman Graziano Tarantini and Managing Director Renato Ravanelli were given a mandate by the Board to implement the resolution, and in particular, to establish the conditions for the bond securities issue on the basis of market conditions. The Company shall promptly inform the public in relation to the execution of the issuance.
Today's resolution is part of a broader based financial strategy aimed at lengthening the average life of the Company's outstanding debt.
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Source: a2a SpA via Thomson Reuters ONE