Ferrovie dello Stato Italiane €700 million 1.125% green bond issue

10/7/2019
Investment grade bond/note issue, Green bond issue

€ 700 million

$ 785.586 million

Completed

10/7/2019


Overview:

  • State-owned holding company Ferrovie dello Stato Italiane issued a €700 million green bond.
  • The notes have a coupon of 1.125% and mature in 2026.
  • The bond's proceeds will be used to finance the purchase of new regional train. It is the first time a corporate issuer has used a green bond to finance the purchase of rolling stock for freight transport. 
  • It is the first bond in Italy to receive Climate Bonds Initiative certification.
  • The issue received offers from 156 investors and garnered around €2.5 billion worth of orders.

Rajeeb Gurung - Researcher

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