Luigi Ferraris: Terna successfully launched a new green bond

Executive Manager - Luigi Ferraris

On April 3rd, Terna, the Italian electricity transmission grid operator managed by Luigi Ferraris, launched a green bond for 500 million Euro, addressed to institutional investor.

The green bond, issued with a tenor of 7 years and a maturity date falling on 10 April 2026, according to a press release issued by Terna, "will pay a coupon of 1.000%, with an issue price equal to 99.886%, a spread of 78 basis points over the midswap and an indicative spread of approximately 100 basis points lower than the Italian BTP having same maturity". As underlined by Terna CEO and General Manager, Luigi Ferraris, on the occasion of the presentation of the 2019-2023 Strategic Plan, sustainability represents a key element for the development of the Italian country. The issuance of the new green bond, whose net proceeds will be used to finance the company's eligible green projects, further confirms a strategy that aims to combine sustainability and growth "to promote the current energy transition", with benefits to the Italian country and all the stakeholders. It should also be mentioned that to facilitate the transparency and quality of the green bonds issued, Terna has outlined and published a Green Bond Framework, prepared by the independent advisor Vigeo Eiris and available on the corporate website


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