Snam's Board Greenlights Multi-Tranche USD Bond Issue
Date
11/28/2024 2:07:25 AM
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, November 28. Italy's energy
infrastructure giant, Snam, has received approval from its Board of
Directors to issue US dollar-denominated bonds worth up to $3
billion, Trend
reports via the company.
The decision was made during today's board meeting, chaired by
Monica de Virgiliis.
The potential issuance will be conducted in RegS/144A format and
may occur in multiple tranches over the next 18 months, targeting
professional investors exclusively.
If executed, the bond issuance will enable Snam to expand its
fixed-income investor base and diversify its funding sources,
reinforcing the company's financial position and flexibility.
Snam is a leading operator in Europe's gas infrastructure, with
a presence in transportation, storage, and regasification. Its
extensive network spans approximately 38,000 km across Italy and
international markets, positioning the company as one of the
world's foremost energy players.
With over 80 years of expertise in the design, construction, and
management of critical infrastructure, Snam is at the forefront of
the energy transition. Its integrated, sustainable, and
technologically advanced asset system enables the company to
deliver reliable energy solutions while driving the shift towards a
low-carbon future.
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