Not for publication or distribution directly or indirectly, in the United States, Canada, Ustralia and Japan.
Market demand in excess of Euro 2.3 billion
Rome 9 March, 2010 – Acea has today successfully completed the issue of a Eurobond with a total aggregate principal amount of Euro 500 million for a term of ten years, fixed rate, exclusively placed with institutional investors.
The bonds, which have a minimum denomination of Euro 50,000 and mature on 16 March 2020, pay a gross annual coupon of 4.5% and were placed at an issue price of 99.779. The effective gross yield to maturity is 4.528%, corresponding to a yield of 120 basis points above the reference rate (10-year midswap rate). The bonds are governed by English law. The issue date has been set at 16 March 2010. As of such date, the bonds will be traded on the regulated market of the Luxembourg Stock Exchange, where a prospectus will be filed.
Banca IMI, BNP Paribas, Mediobanca, MPS Capital Services and UniCredit Bank acted as Joint Bookrunners in relation to the placement.
Studio Legale Pavesi Gitti Verzoni and Studio Vitali Romagnoli Piccardi e Associati acted as Italian legal and tax advisers, respectively, to ACEA, and Clifford Chance (international counsel) and Legance (Italian counsel) acted for the Joint Bookrunners.
The bonds are expected to be rated A- by Standard & Poor’s and A+ by Fitch.
It may be unlawful to distribute these materials in certain jurisdictions. These written materials are not for distribution in the United States, Canada, Australia or Japan. The information contained herein does not constitute an offer of securities for sale in the United States, Canada, Australia or Japan. These materials do not constitute or form part of an offer to sell or the solicitation of an offer to buy the securities discussed herein. The securities mentioned herein have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in the United States absent registration or an exemption from the registration requirements of the Securities Act. There will be no public offer of the securities in the United States.
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