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A2A SpA announces 500 million euros bond issue on the European market


Monday, 9 Dec 2013 11:48am EST 

A2A SpA:Says it placed on the European market a 500 million euros bond due on Jan. 13, 2022, under its 3 billion Euro Medium Term Notes Programme updated and increased on Nov. 25, 2013.Says the issue was exclusively targeted to institutional investors.Says the Senior bond issue recorded orders corresponding to 3.6 times oversubscription.Says the notes – with a minimum denomination of 100 thousand euros – have a 3.625 pct annual coupon rate, and reoffer price of 99.561 pct.Says the re-offer yield is 3.688 pct, corresponding to 190 basis points over the underlying interest rate swap.Says the issue – whose proceeds will be used for debt repayment – will allow to reduce the average interest rate on the Group’s debt and, in line with its financial strategy, extend the average maturity of the its debt and optimizing the maturity schedule.Says the notes are governed by English law.Says the settlement date is Dec. 13 and following that date the notes will be traded on the Luxembourg Stock Exchange.Says the placement of the notes was managed by Banca IMI, Credit Agricole, Mediobanca, and UniCredit, as Joint Bookrunners. 

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