International law firm Simmons & Simmons has advised A2A S.p.A, a leading Italian multi-utility company, on the placement of the first European Green Bond in the market.
The European Green Bond has a nominal value of €500m and a maturity of 10 years.
A2A’s European Green Bond was welcomed by a strong investor response, securing orders of around €2.2bn – an oversubscription ratio of almost 4.4x.
The bond, which is governed by English law and aimed at institutional investors, was issued under the A2A’s European Medium Term Notes Programme, on which Simmons also advised A2A. This programme was officially approved in December 2024 and supplemented in January 2025 by Italy's financial regulatory Authority, CONSOB. The European Green Bond has listed on the Electronic Bond Market (MOT), the bond regulated market managed by Borsa Italiana.
The net proceeds of the European Green Bond will finance projects supporting the clean energy transition – in line with EU Green Bond Regulation.
Simmons & Simmons acted with a team led by partner Paola Leocani, assisted by managing associate Baldassarre Battista and trainee Anna Frighetto. Partner Marco Palanca and supervising associate Luca Bocchetti acted on the tax aspects.
