Italian energy company ERG has launched a €100m worth of non-convertible bonds to raise funds for new investments in renewable energy and refinancing investments in hydro plants in Italy.
The bonds will be free of rating, will not be subject to financial covenants and will be reimbursed in a single solution in January 2023, ERG said.
The bonds will accrue interest at a fixed rate of 2.175%.
ERG said the bond settlement date is scheduled for about 19 July.
The placement was managed by Crédit Agricole Corporate and Investment Bank and UniCredit Bank acting as joint lead managers.
Allen & Overy acted as a legal consultant for Joint Lead Managers.
Image: ERG
ERG bond targets green growth
Italians aim for €100m for new renewables investments and hydro refinance
By EBS