The opportunities of our bond issue program: minutes and charts
On July 12, 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.
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.
On October 23, 2007 a 500 million euro bond linked to the Italian inflation with a 2.731% coupon and maturity on September 15, 2023 has been issued under the Programme.
On November 14, 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 22, 2009 Terna launched a fixed rate private placement bond issuance of a nominal value of 600 million euros with maturity at October 3, 2019.
On July 8, 2009 Terna issued a Supplement to the Base Prospectus dated November 14, 2008.
Supplement July 8, 2009
On May 25, 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
On February 16, 2011 Terna issued a Supplement to the Base Prospectus dated May 25, 2010.
Supplement February 16, 2011
On March 8, 2011 Terna launched a fixed rate bond issuance of a nominal value of 1.25 billion euros with maturity at March 15, 2021
On May 20, 2011 Terna renewed its EMTN Programme leaving the total amount unchanged. The programme has been assigned a rating of A+ from Standard and Poor’s, A2 from Moody’s and A+ from Fitch.
2011 Base Prospectus