GEK Terna is gaining access to the Eurobond market through the establishment of a Euro Medium Term Notes (EMTN) program. This move follows the company’s achievement of Investment Grade status from S&P Global Ratings (BBB-) and Moody’s (Baa3). The access will enable the company to capitalize on the opportunities this market offers to investment-grade issuers. The program has a 12-month duration, with the option to renew on an annual basis. Bonds issued under the EMTN program will be listed for trading on the regulated market of the Luxembourg Stock Exchange or other trading venues across Europe, depending on market opportunities and the company’s financing strategy.
Read more: GEK Terna: New BBB- rated bond program worth €1 billion — How the funds will be deployed
GEK Terna: A new level of financial readiness
EMTN programs are an internationally recognized platform for top investment-grade issuers to access capital markets. For GEK Terna, according to its management, the creation of the EMTN programme marks a new level of financial readiness and international presence, cementing the group’s transformation into a modern, outward-looking issuer with a flexible and globally oriented financing strategy.
As the company highlights, the combination of its investment-grade rating and the EMTN program — which will be independently rated by credit rating agencies and is expected to also receive an investment-grade assessment — represents a significant milestone for GEK Terna in international capital markets.
Finally, the company underscores that the group’s consistent presence in the markets sends a strong message of credibility and long-term strategic direction to the international investment community.
