Simmons & Simmons assisted leading Italian multi-utility company A2A in the placement of the first €155 million blue bond issued by an Italian company with a 5-year maturity.
It is the first Blue Bond issued by an Italian issuer and the relevant proceeds will be allocated for the development and maintenance of water resources and networks, financing projects that support sustainable water and wastewater management.
The securities, governed by English law and subscribed by leading Italian and international investors, have been issued under the European Medium Term Notes Programme approved in December 2024 (and subsequently updated through Supplements in January and September 2025) by the Italian regulator Commissione Nazionale per le Società e la Borsa (CONSOB), and will be listed on the Mercato Obbligazionario Telematico (MOT).
Simmons & Simmons assisted A2A, which confirmed its position as an innovative issuer by being among the first on the market to issue a “Blue Bond”, with a team led by partner Paola Leocani, supported by counsel Baldassarre Battista.
The Private Placement was arranged by BofA Securities, Goldman Sachs International and Mediobanca - Banca di Credito Finanziario.
Simmons’ support for A2A follows the firm also advising the leading multi-utility company on the placement of the first European Green Bond in the market, in February 2025.
