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Provider: Reuters Investment Profile
Provider: GlobalData
Provider: GlobalData

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A2A SpA Approves Adoption of Bond Issue Programme for Maximum EUR 2 Billion

Wednesday, 19 Sep 2012 07:34am EDT 

A2A SpA announced that the Company's Management Board has approved the adoption of a Bond Issue Programme (Euro Medium Term Note Programme - EMTN) for a maximum amount of EUR 2 billion. The Programme will be listed on the Luxembourg Stock Exchange and the filing of the prospectus is expected by the next weeks. The adoption of the EMTN is part of the broader A2A Group's financial strategy, which is aimed at extending the average life of debt and at maintaining an appropriate financial flexibility to support the company's rating. The bonds to be issued on the basis of the Programme will be placed to institutional investors. 

Company Quote

0.011 +1.28%
11:37am EDT