Cappelli RCCD, with partner Federico Morelli (on the left) and associate Alberto Elmi (on the right), assisted PEF S.p.A. in the issue and placement of its first Green Bond, which was fully subscribed by the LBO France’s Vita Superbonus Programme.

The Green Bond has a face value of EUR 4,340,000 and a 6% annual interest rate. It was issued at par and has a term of 18 months.

The issue is aimed at supporting PEF against the growing demand for energy efficiency measures included under the 110% tax relief provided by the applicable regulations, and is part of a broader energy efficiency and environmental protection project undertaken by PEF itself.