On July12th, 2006 Terna established the EUR 2 billion Euro Medium Term Note Programme (EMTN) allowing the company to benefit of the potential funding opportunities in the international capital markets, through the issuance of Notes with different maturities and denominated in all major currencies. The programme was listed on Luxembourg Stock Exchange.
On October 23rd, 2007 a 500 million euro bond linked to the italian inflation with a 2.731% coupon and maturity on September 15th, 2023 has been issued under the Programme.
On November 14th, 2008 Terna renewed EMTN Programme leaving the total amount unchanged and it has been assigned a rating of AA- from Standard & Poor’s, A1 from Moody’s and AA- from Fitch. These levels reflect the ratings assigned to Terna by the agencies during 2008.
2008 Base Prospectus
On June 22nd, 2009 Terna launched a fixed rate private placement bond issuance of a nominal value of 600 million euros with maturity at October 3rd, 2019.
On July 8th, 2009 Terna issued a Supplement to the Base Prospectus dated November 14th, 2008.
Supplement July 8th, 2009
On May 25th, 2010 Terna renewed its EMTN Programme increasing the total amount to EUR 4 billion. The programme has been assigned a rating of A+ from Standard & Poor’s, A2 from Moody’s and A+ from Fitch. These levels reflect the ratings assigned to Terna by the agencies during 2010.
2010 Base Prospectus
Arrangers: Deutsche Bank and Citi .
Dealers: Banca IMI, Barclays Capital, BNP PARIBAS, BofA Merrill Lynch, Citi, Crèdit Agricole – CIB, Credit Suisse, Deutsche Bank, Dresdner Kleinwort, HSBC, J.P. Morgan, Mediobanca S.p.A, Morgan Stanley, MPS Capital Services S.p.A, Nomura International, Société Générale Corporate & Investment Banking, The Royal Bank of Scotland, UBS Investment Bank, UniCredit Bank.