Hera sells first Italian green bond at tiny NIP

Hera solar farm for new website
By Jon Hay
26 Jun 2014

Hera, the multi-utility based in Bologna, brought the green bond concept to Italy on Thursday, raising €500m with the first environmentally themed bond in the country.

The company, rated Baa1/BBB, provides rubbish collection, waste management, water, gas distribution, electricity supply, district heating and some electricity generation to about 4m people in 277 municipalities in central and northern Italy.

It has taken sustainability seriously at least since 2008, when it began producing a thorough sustainability ...

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