Hogan Lovells advised in the second Green Bond issued by Ferrovie dello Stato (FS) Italiane

Hogan Lovells has advised FS Italiane in the issue of the second green bond for a nominal amount of €700 million and a maturity of 7 years (rating: S&P’s BBB; Fitch BBB, both negative outlook) .

The senior unsecured securities have been issued under Ferrovie dello Stato Italiane Euro Medium Term Note programme and have been listed on the Irish Stock Exchange regulated market. By way of this transaction FS Italiane becomes the first corporate issuer financing the purchase of rolling stock for freight transport via green notes and it is the first Italian issuer obtaining the Climate Bonds Initiative (CBI) certification, a non-profit organization promoting sustainable finance worldwide in order to fight the climate change. The demand for the FS Italiane green bonds has been very high and equal to 3.5 times the offer.

Hogan Lovells has advised FS Italiane with a team comprising Partner Federico Del Monte, Counsel Annalisa Feliciani and Associate Matteo Scuriatti and the transaction's tax matters were handled by Partner Fulvia Astolfi and Senior Associate Maria Cristina Conte.


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