Hera unruffled by Berlusconi row, raises €500m inside BTPs

By Jon Hay
26 Sep 2013

News from Italy was not good on Thursday morning, with some parliamentarians in Silvio Berlusconi’s party threatening to bring down the coalition government if the former prime minister is expelled from parliament after his latest conviction, this time for tax fraud.

Hera, the diversified central Italian utility group, had pencilled in today for its first bond issue since January, after its CEO announced a new business plan yesterday, highlighting plans for further acquisitions but falling leverage.

Lead managers Banca Imi, BNP Paribas, Citigroup, Crédit Agricole, Deutsche Bank, Mediobanca and ...

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