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Snam Capital/Financing Update 2019
4042_rns_2019-10-02_985c19f4-dbd4-468a-b71b-7ad2661cad08.pdf
Capital/Financing Update
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| Informazione Regolamentata n. 0542-72-2019 |
Data/Ora Ricezione 02 Ottobre 2019 19:18:01 |
MTA | |
|---|---|---|---|
| Societa' | : | SNAM SPA | |
| Identificativo Informazione Regolamentata |
: | 123277 | |
| Nome utilizzatore | : | SNAMN05 - Palladino | |
| Tipologia | : | 2.2 | |
| Data/Ora Ricezione | : | 02 Ottobre 2019 19:18:01 | |
| Data/Ora Inizio Diffusione presunta |
: | 02 Ottobre 2019 19:18:02 | |
| Oggetto | : | Snam: EMTN Programme and issuance of bonds renewed |
|
| Testo del comunicato |
Vedi allegato.
Snam: EMTN Programme and issuance of bonds renewed
San Donato Milanese (Milan), 2 October 2019 - Snam's Board of Directors, which met today under the chairmanship of Luca Dal Fabbro, authorised the renewal of the EMTN (Euro Medium Term Notes) Programme, launched in 2012 and already utilised for approximately 9.1 billion euro, increasing the maximum total amount from 10 to 11 billion euro, also in order to guarantee an adequate degree of flexibility in favourable market conditions.
The Board of Directors consequently authorised the issuance of one or more additional bonds through the EMTN Programme by 2 October 2020 to be placed with institutional investors operating mainly in Europe. The total nominal value of the bonds issued will not exceed the maximum limit of 11 billion euro.
The EMTN Programme represents an effective tool to raise significant financial resources from the market in a fast and flexible way at competitive costs, in line with the expected evolution of the Company's target financial structure. The bonds issued may be listed on one or more regulated and not regulated markets (multilateral trading facilities).
snam press office T+ 39 02.37037273 [email protected]