generali_istock_baloncici-2
generali_istock_baloncici
30 June 2022Insurance

Generali attracts ‘strong’ investor interest for €500m third green bond

Italian insurer  Generali has placed its third green bond, a €500 million tier 2 deal, under its new sustainability bond framework.

The bond is due July 2032.  Generali said the net proceeds from the notes will be used to finance and refinance “eligible green projects”.

The notes attracted an order book of €1.05 billion from 116 diversified international institutional investors throughout the book-building process, including a significant representation of funds with Sustainable/SRI mandates.

Generali stated that the issuance attracted strong interest from international investors, which accounted for approximately 94% of allocated orders. About 33% of the bond has been allocated to French investors, 26% to UK and Irish investors, 17% to German and Austrian investors and approximately 12% to Italian and Spanish investors.

BofA Securities, Crédit Agricole CIB, Citi, Deutsche Bank, Goldman Sachs International, Mediobanca, and Morgan Stanley acted as joint lead managers and bookrunners for the transaction.

Did you get value from this story? Sign up to our free daily newsletters and get stories like this sent straight to your inbox.

Already registered?

Login to your account

To request a FREE 2-week trial subscription, please signup.
NOTE - this can take up to 48hrs to be approved.

Two Weeks Free Trial

For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk


More on this story

Insurance
23 June 2022   Details of major leadership shake up and a new Business Unit revealed.
Insurance
8 June 2022   A new directors’ group will explore M&A and swath of possible partnerships.
Insurance
18 July 2022   Previsico’s solutions help mitigate damage from major floods events.