According to Generali, there will be also a donation of EUR 50.000 to Generali's foundation The Human Safety Net - ONLUS, the scope of which is to unlock the potential of people living in vulnerable circumstances.
Generali Group CFO, Cristiano Borean, commented: "This transaction will further extend the average maturity of our debt, consistent with our proactive approach in shaping the debt maturity profile and will provide the opportunity for Generali to finance green and social projects. Moreover, this will lead to a further reduction in the annual gross interest expense considering our outstanding debt profile. Sustainability is an enabler of the Generali 2021 strategy. I am pleased by the strong reception of our first Sustainability Bond, which confirms our commitment to sustainability and to support the development of the market for green, social and sustainability bonds in Europe."
The issuance attracted strong interest from international investors, which accounted for approximately 93% of allocated orders, confirming the strong reputation that the Group enjoys on the international markets. About 36% of the bond has been allocated to French and Benelux investors, 29% to German and Swiss accounts and approximately 14% to Italian and Spanish investors.
Joint Lead Managers & Bookrunners: BNP Paribas, Goldman Sachs International (B&D), HSBC, Mediobanca, Santander and UniCredit.
Sole Global Coordinator: Goldman Sachs International (B&D).
Joint Sustainability Structuring Advisors: BNP Paribas and UniCredit.
Source: Generali press release
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