Press Release

Rome, 1 February 2018 – Acea S.p.A (“Acea”) announces that today it has successfully completed a €300,000,000 placement of 5-year floating rate bonds (the “2023 Notes”) and a €700,000,000 placement of 9-year and half fixed rate bonds (the “2027 Notes”), as part of the Company’s €3,000,000,000 Euro Medium Term Notes (EMTN) Programme, as last updated on 17 July 2017 and supplemented on 19 January 2018.

The bonds were placed solely with institutional investors. The issue of notes was very well received, with a request exceeding 2.5 the amount of Notes offered, from high quality investors and with broad geographical diversification.

The bonds, with a minimum denomination of €100,000 pay a gross annual rate of interest equal to 3-month Euribor plus 0.37% for the 2023 Notes and of 1.5% fixed rate for the 2027 Notes. The 2023 Notes were placed at an issue price of 100%, the 2027 Notes were placed at an issue price of 98.138%. The bonds are governed by English law. The settlement date is 8 February 2018. As of that date, the bonds will be traded on the regulated market of the Luxembourg Stock Exchange, where the relevant prospectus for the EMTN Programme has been filed.

The placement was carried out by Banca IMI S.p.A., BNP Paribas, Citigroup Global Markets Limited, Crédit Agricole Corporate and Investment Bank, Deutsche Bank AG, London Branch, Mediobanca – Banca di Credito Finanziario S.p.A., Natixis, Société Générale, UBI Banca and UniCredit Bank AG acting as Joint Bookrunner.

Acea’s counsel was the legal firm of White & Case and, in connection with tax matters, Foglia Cisternino & Partners, while the Arrangers’ counsel was the legal firm of Clifford Chance.

It is foreseen that Fitch ratings and Moody’s will rate the Notes BBB+ and Baa2.

This press release does not constitute an offer to sell bonds in the United States of America. The securities have not been and will not be registered under the U.S. Securities Act of 1933 as amended (the “Securities Act”) or under any other securities laws of any state of the United States of America or in Australia, Canada or Japan, or in any other jurisdiction in which such offer or solicitation is subject to the approval of the local authorities or would, in any event, constitute a violation of the relevant laws.

The securities may not be offered or sold in the United States of America to, or on behalf of or for the benefit of a U.S. person (a “U.S. person”, as defined in Regulation S of the Securities Act), unless they are registered under the Securities Act or an exemption under the Securities Act is available.

This release does not constitute a public offering of financial instruments in Italy, as defined by art. 1, paragraph 1, letter t) of Legislative Decree 58 of 24 February 1998.

This release does not constitute an offer to sell or a solicitation to purchase financial instruments. No actions have been or will be taken to allow a public offering of the bonds in any jurisdiction, including Italy. This release (and the information contained herein) may not be published or distributed, directly or indirectly, in the United States of America, or in Australia, Canada or Japan.
 

Press Office
Tel. +39 06 57997733 - email: ufficio.stampa@aceaspa.it

Investor Relations
Tel. +39 06 57991 - email: investor.relations@aceaspa.it