01 Aug 22

The first two minibond issues carried out as part of the “Basket Bond -Sustainable Energy” programme, conceived by Eni S.p.A. (“Eni”) and developed and promoted, for their respective areas, by ELITE and illimity Bank S.p.A. (“illimity” or the “Bank”) as a means offostering energy transition and improving the sustainability profiles of the issuers, have been finalised over the past few days.

The issuing companies, EGEA S.p.A. (“EGEA”) and Comal S.p.A. (“Comal”), were backed by illimity which acted as underwriter and arranger, coordinating and structuring both operations.The first minibond, worth 10 million euro, was issued by EGEA, the state-owned-private multiservice company operating in the energy and environment sectors and having a significant local and national presence. EGEA, headquartered in Alba, is a leader in the so-called “Italia di provincia” thanks to a “Glocal” approach that combines strong global industrial expertise with attention to the local area and the communities in which it operates. The company bases its growth on the sustainable breakthrough, digital innovation and inclusive development through the various services it offers, ranging from the sale of electricity and gas to environmental health, sustainable mobility and the production of renewable energy with more than 30 technological state-of-the-art sites built into the surrounding setting.

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