Terna issued €500 million green bond

Italian TSO Terna SpA launched a green bond addressed to institutional investors. The issuance of €500 million ($560 million) has been oversubscription of approximately 7 times the offered amount. According to the company, an application will be made for the green bond to be listed on the Luxembourg Stock Exchange.
The net proceeds will be used to finance Terna’s green projects identified and/or to be identified in accordance with the Green Bond Principles 2018 published by the International Capital Market Association (ICMA).

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