GREEN BOND 2014-2024
In 2014, the Hera Group issues Italy’s first green bond, whose total sum amounted to 500 million, with the aim of financing sustainability investments, in order to contribute to a better environmental through its activities. This bond met with great success, with requests coming to over three times the amount involved.
| Issuer | Hera S.P.A. | ISIN code | XS1084043451 |
| Issue Price | 99.464% | Coupon Date | 04-07 |
| Issued ammount (€) | 500 mln | Maturity Date | 04/07/2024 |
| Annual Coupon | 2.375% | Interest Accrue Date | 04/07/2014 |
| Type | Straight | Yield to maturity | 2.436% |
| Rating S&P's* | BBB | Listing | Luxembourg Stock Exchange |
| Rating Moody's* | Baa1 | Update time | 27/06/2014 |
Main stages of the project
2014 issue
• Green bond projects (426 KB)
• DNV Opinion letter (290 KB)
2014
• The Green bond (105 KB)
• Detail of investments financed with the Green bond (45 KB)
2015
• The Green bond (57 KB)
• Detail of investments financed with the Green bond (42 KB)
2016
• Annual assesment report (234 KB)
• The Green bond (56 KB)
• Detail of investments financed with the Green bond (47 KB)
2017
In 2017, the project financed with the Green Bond reached 500 million euro, covering the entire amount of the bond. At that time, the obligation to report on the initiatives ceased, in line with the terms set out by Green Bond Principles.
• Press release (416 KB)
• Green bond projects (978 KB)
• The Green bond (177 KB)
• Detail of investments financed with the Green bond (53 KB)
GREEN BOND 2019-2027
The Hera Group aims to continue in its role as a reference point for sustainable finance in Italy and in 2019, five years after issuing the country’s first “green” bond, is launching its second which will finance environmental sustainability projects in 3 areas: energy efficiency, circular economy and sustainable water resource management. Subscriptions have reached seven times the amount offered. The main stages of the project are:
| Issuer | Hera S.P.A. | ISIN code | XS2020608548 |
| Issue Price | 98.407% | Coupon Date | 05-07 |
| Issued ammount (€) | 500 mln | Maturity Date | 05/07/2027 |
| Annual Coupon | 0.875% | Interest Accrue Date | 05/07/2019 |
| Type | Straight | Yield to maturity | 1.084% |
| Rating S&P's* | BBB | Listing | Irish Stock Exchange, Luxembourg Stock Exchange, ExtraMOT PRO |
| Rating Moody's* | Baa2 | Update time | 04/07/2019 |
* Fonte dati HERA SPA
Main stages of the project
2019 ISSUE
The second green bond issued by the Hera Group, on July 2019, amounts to 500 million euro overall. The funds are intended for financing or refinancing numerous projects, already implemented or included in the Business plan to 2022, that pursue one or more of the goals in the UN's 2030 Agenda
• Act of execution (in italian) (4000 KB)
• Final terms execution (1562 KB)
• Roadshow Green bond presentation (3917 KB)
• Green bond press release
• The Green financing framework and opinion
2019
In order to guarantee that the funds are correctly and transparently allocated, Hera has introduced a reporting on the funds allocated and the environmental performance achieved by the measures financed by the 2019-2027 Green Bond. The report has been subjected to external verification by the independent auditors of the sustainability report. The Bond funds were fully allocated and reported at 31-12-2019, as a significant portion of the bond refinanced green projects from 2017 and 2018.
