IFLR1000

Acea Energia €500 million 1% bond issue and €350 million buyback

2/11/2016
Investment grade bond/note issue, Bond/note buyback
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€ 850 million

$ 912.362 million

Completed

2/11/2016

Overview:

  • Acea Energia has put out a tender offer to buyback €350 million of bonds and issue a further €500 million.
  • The new bonds have a coupon of 1% and mature in 2026.
  • Barclays , BNP Paribas and Deutsche Bank acted as global coordinators and Banca IMI and Crédit Agricole acting as dealer managers.

Sam Duke - Editor

Jurisdiction:

Italy

Deal types:

Investment grade bond/note issue
Bond/note buyback

Practice area:

Capital markets : Debt

Industry sector:

Energy

Firms:
Clifford Chance

Party: Barclays (Global coordinator)

Party: BNP Paribas (Global coordinator)

Party: Deutsche Bank AG Na ON (Global coordinator)

Party: Banca IMI (Manager)

Party: Crédit Agricole (Manager)

Lawyer: Filippo Emanuele

White & Case

Party: Acea Energia (Acquirer, Issuer)

Lawyers: Ferigo Foscari, Michael Immordino

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