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Over 1 billion Euro for green transition, decarbonisation and plastic regeneration through sustainability-linked bond issue and facility agreement

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14/04/2023
Over 1 billion Euro for green transition, decarbonisation and plastic regeneration through sustainability-linked bond issue and facility agreement

Strong interest of international investors for the second sustainability-linked bond of the multiutility, for an amount equal to Euro 600 million and a maturity of 10 years, which received subscription requests for about Euro 2.7 billion, 4.5 times higher than the amount offered

With the second “sustainability-linked bond” and the activation of a new “Sustainability-Linked Revolving Credit Facility”, we will allocate more than 1 billion Euro in financing to projects in favour of the green transition.

In particular, the Euro 600 million of the new non-convertible bond is part of the sustainability strategy aimed at decarbonising and recycling plastics, while the new Euro 450 million “Sustainability-Linked Revolving Credit Facility” further expands the innovative financial products and instruments adopted, contributing to maintain its financial soundness.

The characteristics of the second “sustainability-linked bond”

The aggregate amount of the second “sustainability-linked bond”, reserved to qualified investors, to be issued under the company’s Euro Medium-Term Notes Programme, is equal to Euro 600 million, repayable after 10 years.
Also this second “sustainability-linked bond”, like the one launched in 2021, met a great interest from international investors.
In fact, the transaction saw significant participation from international investors (France, Germany, the Netherlands and the United Kingdom), most of them specialised in sustainable finance products.
The strong demand, with subscription requests of approximately 2.7 billion euro, equal to 4.5 times the offer, and the quality of the orders received have therefore allowed the price to be set at excellent levels.
The bond provides for an annual fixed-rate coupon of 4.250%, while the yield at the time of issue is 4.310%. Starting from the interest payment date of 2032, a possible step-up (interest rate increase) is foreseen in case the company does not reach the targets of (1) reduction of Green House Gas emissions expressed in CO₂ tonnes (rate increase of 0.30%) and (2) increase in the amount of recycled plastic, expressed in thousands of tonnes (rate increase of 0.20%).
The sustainability-linked bond is part of our strategy aimed at reducing greenhouse gas emissions and increasing the amount of recycled plastic. In particular, we intend to reduce greenhouse gas emissions by 37% by 2030 (compared to 2019), thanks to concrete internal actions and to the involvement of suppliers and customers, in relation to the sale of electricity and gas: one of the most ambitious goals for a company in Italy, validated by the highly respected international network Science Based Target initiative (SBTi).

For further information
Press release

Asset Publisher

19/06/2024

We rank first in the 2024 ESG Identity Corporate Index

For the fourth consecutive year, we are on the podium of the overall index ranking, which rewards Italian companies that stand out for integrating ESG factors into their governance

14/05/2024

Hera Group BoD approves results for 1Q 2024

The consolidated quarterly report at 31 March shows improvement in the main operating and financial indicators

30/04/2024

Hera Shareholders Meeting: 2023 financial statements approved and dividend increased to 14 cents

The Group continues along its path of uninterrupted growth, closing 2023 with record performance in the main operating and financial indicators, thus constantly creating value for its stakeholders

26/03/2024

Hera Group approves results as at 31/12/2023

The year closed with main financial indicators rising and the targets included in the strategic Plan to 2026 exceeded three years ahead of schedule

04/03/2024

The passing of Hera S.p.A.'s Vice Chairman, Mr. Gabriele Giacobazzi

We hereby inform you that on March 3, 2024, the Vice Chaiman of the Board of Directors, Mr. Gabriele Giacobazzi, passed away.

04/03/2024

Hera Group and Panasonic Industry together for the diffusion of NexMeter on the national market

The Japanese electronics leader collaborates with the multi-utility to distribute the NexMeter 4.0 gas meter, with advanced features in the field of measurement

06/02/2024

Over 1 million new electricity customers as of 1 July

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25/01/2024

Hera Group expands in the industrial waste sector with TRS Ecology

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24/01/2024

Hera Group presents Business Plan to 2027

Development, resilience and creating shared value for stakeholders are at the heart of the Group’s new strategic document, which foresees investments totalling 4.4 billion to speed up the ecological transition and enhance asset resilience to climate change

18/01/2024

Top Employer for the 15th Consecutive Year

Once again in 2024, we confirm our position among the best performers in human resources management, thanks to substantial investments in welfare, training, and skill development

Search Results

An error occurred while processing the template.
Java method "static it.reply.open.hera.template.custom.service.WidgetTemplateTool.getDateFormattedBy(String, String, Locale)" threw an exception; see cause exception in the Java stack trace.

----
FTL stack trace ("~" means nesting-related):
	- Failed at: contentDate = hera_template_tool.getD...  [in template "20099#20135#57725658" at line 72, column 13]
----
1<#assign 
2assetVocabularyLocalServiceUtil = objectUtil("com.liferay.asset.kernel.service.AssetVocabularyLocalServiceUtil") 
3vocabularyComunicatiStampa = assetVocabularyLocalServiceUtil.fetchGroupVocabulary(themeDisplay.getScopeGroupId(), languageUtil.get(locale, "comunicati-stampa")) 
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25HERA_FIELD_ENTRY_CLASS_NAME_JA="com.liferay.journal.model.JournalArticle" 
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27HERA_FIELD_ENTRY_CLASS_NAME_USER="com.liferay.portal.kernel.model.User" 
28HERA_FIELD_ENTRY_CLASS_NAME_FOLDER="com.liferay.document.library.kernel.model.DLFolder" 
29HERA_FIELD_ENTRY_CLASS_NAME_DDLRECORD="com.liferay.dynamic.data.lists.model.DDLRecord" 
30HERA_FIELD_ENTRY_CLASS_NAME_DDMFORMINSTANCERECORD="com.liferay.dynamic.data.mapping.model.DDMFormInstanceRecord" 
31HERA_FIELD_PREFIX="ddm__keyword__" 
32HERA_FIELD_PREFIX_TEXT="ddm__text__" 
33HERA_FIELD_SOTTOTITOLO="__sottotitolo_" 
34HERA_FIELD_IMMAGINE="__immagine_" 
35HERA_FIELD_IMMAGINE_TYPE2= "__immagine_r13v_" 
36HERA_ASSET_CATEGORY_TITLE="assetCategoryTitles" 
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38HERA_FIELD_USER_EMAIL_ADDRESS="emailAddress" 
39HERA_ORA_PUBBLICAZIONE="__ora_pubblicazione_" 
40HERA_CONTENT="content_" + languageId 
41 
42CATEGORY_HERA_SPA=languageUtil.get(locale, "hera-spa") 
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47<#-- gruppohera_results.jsp es. ddm__keyword__54911__sottotitolo_it_IT es. displayDate --> 
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49<#-- Abilitare o Disabilitare Highlight dei termini ricercati in configurazione --> 
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54 
55<#assign docs=searchContainer.getResults() /> 
56 
57 
58<div class="container archivio my-4"> 
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62            <#assign contentTitle="" contentSummary="" content="" contentDate="" /> 
63 
64            <#assign contentTitle=hera_template_tool.highlight(d.get(HERA_FIELD_LOCALIZED_TITLE),searchResultsPortletDisplayContext.getKeywords(), isHighlightEnabled?boolean) 
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72            contentDate=hera_template_tool.getDateFormattedBy(d.get(HERA_FIELD_DISPLAYDATE),"dd/MM/yyyy",locale) 
73            publishDate=hera_template_tool.getDateFormattedBy(d.get(HERA_FIELD_PUBLISH_DATE),"dd/MM/yyyy",locale) 
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78            d.get(HERA_FIELD_ENTRY_CLASS_NAME), d.get(HERA_FIELD_CLASSPK)?number, true, currentUrl) 
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80            layout.getName(locale)) /> 
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82            <#attempt> 
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88					             <#assign immagineInEvidenzaObj=""/> 
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91 
92            <div class="post-item mb-3"> 
93                <a href="${urlTitle}" class="tile boxarchivio-round position-relative white-bg"> 
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95                    <div class="row d-flex align-items-center"> 
96                        <#else> 
97                        <div class="row d-flex align-items-center min-height-168"> 
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102                                    <img title="${immagineInEvidenzaObj.name}" alt="${titlepage}" class="agg-tile-image img-archivio-news" src="${immagineUrl}" /> 
103                                </div> 
104                                <div class="col-xs-9 col-md-10 offset-lg-1 col-lg-9 px-5 px-md-0"> 
105                                    <div class="container px-lg-3 pr-xl-4"> 
106                                        <div class="black py-2 small"> 
107                                            <div class="mr-0 mr-md-5 d-inline"> 
108                                                <#attempt> 
109                                                    ${contentDate} 
110                                                    <#recover> 
111                                                </#attempt> 
112                                            </div> 
113                                            <#assign assetCategoryList= hera_template_tool.getAssetCategoryList(d.get("rootEntryClassPK"))/> 
114                                            <#list assetCategoryList as entryCategory> 
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117                                                    <#if catName==CATEGORY_HERA_SPA> 
118                                                        <#assign checkcategory=1 /> 
119                                                    </#if> 
120                                                    <#if catName==CATEGORY_IR_PRICE> 
121                                                        <#assign checkcategory=1 /> 
122                                                    </#if> 
123 
124                                                    <div class="mr-2 d-inline gruppo-color-bg white px-1 py-0 py-lg-1 py-md-1 ${catName?lower_case}"> 
125                                                        ${catName} 
126                                                    </div> 
127                                                </#if> 
128                                            </#list> 
129                                        </div> 
130 
131                                        <h3 class="titlesize bigger black letter-spacing-sm bolder"> ${contentTitle}</h3> 
132                                        <#if description?? && description?has_content> 
133                                            <div class="d-none d-lg-block greyish-brown tilesize"> ${description} </div> 
134                                        <#else> 
135                                            <div class="d-none d-lg-block greyish-brown tilesize"> 
136                                                ${contentSummary} 
137 
138                                            </div> 
139                                        </#if> 
140                                        <#if checkcategory==1> 
141                                            <i class="black py-2 mr-0 mr-md-3"> 
142                                                <#if publishDate!=""> Online dal ${publishDate} </#if> 
143                                                <#--<#list oraPubblicazioneObj as ora_pubb>--> 
144                                                <#if oraPubblicazioneObj!=""> 
145                                                    alle ore ${oraPubblicazioneObj?datetime("HH:mm:ss")?string("HH:mm")} 
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147                                                <#--</#list>--> 
148 
149                                            </i> 
150                                        </#if> 
151                                    </div> 
152                                </div> 
153                            <#else> 
154                                <div class="col-xs-12 col-md-10"> 
155                                    <div class="container"> 
156                                        <div class="ml-4 black py-2 small mr-3"> 
157                                            <div class="mr-5 d-inline"> 
158                                                ${contentDate} 
159                                            </div> 
160                                            <div class="mr-2 d-inline gruppo-color-bg white px-1 py-0 py-lg-1 py-md-1"> 
161                                                <#assign assetCategoryList= hera_template_tool.getAssetCategoryList(d.get("rootEntryClassPK"))/> 
162                                                <#list assetCategoryList as entryCategory> 
163                                                    <#if entryCategory.vocabularyId == vocabularyId> 
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165                                                        <#if catName==CATEGORY_HERA_SPA> 
166                                                            <#assign checkcategory=1 /> 
167                                                        </#if> 
168                                                        <#if catName==CATEGORY_IR_PRICE> 
169                                                            <#assign checkcategory=1 /> 
170                                                        </#if> 
171 
172                                                        <div class="mr-2 d-inline gruppo-color-bg white px-1 py-0 py-lg-1 py-md-1"> 
173                                                            ${catName} 
174                                                        </div> 
175                                                    </#if> 
176                                                </#list> 
177                                            </div> 
178                                        </div> 
179                                        <h3 class="titlesize bigger ml-4 black letter-spacing-sm bolder"> ${contentTitle}</h3> 
180                                        <#if description?? && description?has_content> 
181                                            <div class="d-none d-lg-block black tilesize ml-4"> 
182                                                ${description} 
183                                            </div> 
184                                        <#else> 
185                                            <div class="d-none d-lg-block greyish-brown tilesize ml-4"> 
186                                                ${contentSummary} 
187																							   
188                                            </div> 
189                                        </#if> 
190                                        <#if checkcategory==1> 
191                                            <i class="ml-4 black py-2 small mr-3"> 
192                                                <#if publishDate!=""> Online dal ${publishDate} </#if> 
193                                                <#--<#list oraPubblicazioneObj as ora_pubb>--> 
194                                                <#if oraPubblicazioneObj!=""> 
195                                                    alle ore ${oraPubblicazioneObj?datetime("HH:mm:ss")?string("HH:mm")} 
196                                                </#if> 
197                                                <#--</#list>--> 
198                                            </i> 
199                                        </#if> 
200                                    </div> 
201                                </div> 
202                            </#if> 
203                        </div> 
204                </a> 
205            </div> 
206					 
207        </#list> 
208    </#if> 
209</div> 
210 
211 
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Hera SpA, Viale Carlo Berti Pichat 2/4, 40127 Bologna, Tel.051287111 www.gruppohera.it