Press Release

Confirmation of strong interest from institutional investors in the group’s sustainable growth strategy
Issue was approximately 3 times oversubscribed

Not for release, publication or distribution, directly or indirectly, in the United States of America (or for the account or benefit of "U.S. persons" as defined in Regulation S under the U.S. Securities Act of 1933), Canada, Australia or Japan or in any other jurisdiction where to do so would be unlawful

Acea SpA (the “Company”) announces that, pursuant to the Board of Directors’ resolution of 13 January 2023 and following the completion of the bookbuilding process, it has today successfully completed the placement of the Company’s Green Bond issue worth a total of €500m (the “Bonds”). The Bonds will pay a coupon of 3.875% and will mature on 24 January 2031.
The placement, issued under the Company’s Green Financing Framework and under the €5bn Euro Medium Term Notes (EMTN) programme, in accordance with the Base Prospectus supplemented on 13 January 2023, attracted a significant interest from leading investors from numerous geographical areas, mainly green and sustainable investors, with the offer oversubscribed approximately 3 times.
The proceeds will be used to finance specific sustainability projects. These include projects relating to the resilience of the electricity distribution system, energy efficiency, e-mobility, development of the circular economy, increased production of renewable energy and the protection of water resources.
The Bonds are for sale exclusively to Euromarket institutional investors.

The Bonds have a minimum denomination of €100,000 and were placed at an issue price of 99.662%, implying a yield of 3.925%. The Bonds are governed by English law. The settlement date is 24 January 2023. As of that date, the Bonds will be listed on the Luxembourg Stock Exchange’s regulated market.

The transaction was managed by BofA Securities, Goldman Sachs, Intesa Sanpaolo (IMI CIB Division), JP Morgan and UniCredit as Joint Lead Managers.

Fitch Ratings and Moody’s Investors Service are expected to assign the Bonds ratings of BBB+ and Baa2, respectively.

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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, be unlawful.

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.

In Member States of the European Economic Area (the “EEA”), this release is only intended for and may only be addressed to persons classified as “qualified investors” (the "Qualified Investors") pursuant to article 2(e) of Regulation (EU) 2017/1129.

This release does not constitute an offer to sell or a solicitation to purchase financial instruments. No action has 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, or in any other country in which such publication or distribution would be subject to the approval of the local authorities or would, in any event, be unlawful.

MiFID II professionals/ECPs-only / No PRIIPs KID – Manufacturer target market (MIFID II product governance) is eligible counterparties and professional clients only (all distribution channels). No PRIIPs key information document (KID) pursuant to Regulation (EU) 1286/2014 (the “PRIIPS Regulation”) has been prepared as the offer is not addressed to retail investors.