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Italgas
Capital/Financing Update • Feb 1, 2024
4178_rns_2024-02-01_a54a9380-5c6b-4f67-8a9d-effa20035ddb.pdf
Capital/Financing Update
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| Informazione Regolamentata n. 0167-9-2024 |
Data/Ora Inizio Diffusione 1 Febbraio 2024 18:18:34 |
Euronext Milan | |
|---|---|---|---|
| Societa' | : | ITALGAS | |
| Identificativo Informazione Regolamentata |
: | 185940 | |
| Utenza - Referente | : | ITALGASN01 - Scaglia | |
| Tipologia | : | 3.1 | |
| Data/Ora Ricezione | : | 1 Febbraio 2024 18:18:34 | |
| Data/Ora Inizio Diffusione | : | 1 Febbraio 2024 18:18:33 | |
| Oggetto | : | Italgas places bonds for 650 million euros, with demand exceeding the offer by six times |
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| Testo del comunicato |
Vedi allegato
Press Release
ITALGAS PLACES BONDS FOR 650 MILLION EUROS, WITH DEMAND EXCEEDING THE OFFER BY SIX TIMES
Milan, February 1st, 2023 – Today Italgas S.p.A. (rated BBB+ stable by Fitch, Baa2 stable by Moody's) successfully priced a new bond issue, due 8 February 2029, at fixed rate and for an amount of 650 million euros. The issuance attracted a maximum demand of 6 times allowing to increase the initial amount of 500 million euros and was characterized by high-quality and broad geographically diversified investor base.
The issuance took place under the EMTN Programme (Euro Medium Term Notes) renewed by resolution of the Board of Directors on September 29th 2023, with a total amount of 6.5 billion euros.
The bond has a maturity of 5 years, maturing in February 2029, with an annual coupon of 3.125%, and a spread of 83 basis points over the midswap
The proceeds from the issuance will be used to meet the financial needs outlined in the 2023- 2029 Strategic Plan.
Joint Bookrunners of the placement, restricted to institutional investors only, were BNP Paribas, J.P. Morgan, Intesa Sanpaolo (Divisione IMI CIB), Mediobanca, Citi, Morgan Stanley, Société Générale and UniCredit.
The bond will be listed on the Luxembourg Stock Exchange.
Details of the note are as follows:
- Amount: 650 million euros
- Maturity: February 8th, 2029
- Annual coupon: 3.125%
- Issue price: 98.975
This press release is available on the following website: www.italgas.it
Investor Relations Italgas +39 02 8187 2175 [email protected]t
Italgas Press Office +39 02 8187 2020 [email protected]
| Fine Comunicato n.0167-9 | Numero di Pagine: 3 |
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