Terna issues first European green bond worth €750 million.

Terna has launched "the first European Green Bond single tranche, fixed rate and for an amount nominal value of 750 million euros". This is stated in a note of the group led by Giuseppina Di Foggia according to which the issue received "a maximum demand of almost 5 times the offer", with a significant participation of funds Specialized ESG. The operation confirms the strategy of the group, "oriented towards combining sustainability and growth, for promote the ongoing energy transition and always generate greater benefits for the country and for all its stakeholders". The European Green Bond has a duration of 6 years and expiring on July 22, 2031, will pay an annual coupon equal to at 3% and will be issued at a price of 99.589%, with a spread of 70 basis points over the midswap. The settlement date for the issue is scheduled for 22 July 2025. The proceeds of the issuance will be used for finance or refinance the "eligible green projects" of the Companies, identified or to be identified on the basis of the Green Bond Terna Framework, drafted in July 2025. The operation was supported by the following institutions financial institutions that acted as joint bookrunners: BNP Paribas, CaixaBank, Crédit Agricole CIB, IMI-Intesa Sanpaolo, JP Morgan, Santander, SMBC, Société Générale and UniCredit