(The EUR5.00 billion value refers to the entire EMTN program and not to the individual bond covered by today's note, as erroneously reported in the previous article)

(Alliance News) - Acea Spa announced Monday the launch of a bond, in the form of a green bond, for a "benchmark" amount and with a term of eight years, under the EUR5.00 billion Euro Medium Term Notes program.

The bond will be listed on the Luxembourg Stock Exchange.

As the company explains, proceeds from the issue will be used to finance specific projects pursuing sustainability goals. Specifically, those related to the resilience of the electricity distribution network, energy efficiency, electric mobility, development of the circular economy and increased energy production from renewable sources, and protection of the water resource.

Moody's Investors Service and Fitch Ratings agencies have assigned a rating to the company's long-term debt of 'Baa2' with a Negative outlook and 'BBB+' with a Stable outlook, respectively.

Acea, Monday, trades in the green by 0.5 percent at EUR14.39 per share.

By Chiara Bruschi, Alliance News reporter

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