Snam Completes Private Placement Of 1.375% Notes, Due 2027, For US$763.1 Million

Published: Oct 10 2017
Deal Summary

Snam S.p.A., a natural gas infrastructure company, completed the private placement of 1.375% notes, due October 25, 2027, for gross proceeds of €650 million (MM) (US$763.08 MM). The notes were priced at 99.233% of principal amount. Interest on the notes will be paid annually. The notes are issued as part of Euro Medium Term Notes Programme.

Barclays Bank PLC, BNP Paribas, Merrill Lynch International, ING Bank N.V., Mizuho International plc, Mediobanca -Banca di Credito Finanziario S.p.A, MUFG Securities EMEA plc and Societe Generale Corporate & Investment Banking acted as book runners and joint lead managers to the company for the placement.

The company intends to use the proceeds from the placement for general corporate purposes.

You can receive free Monthly detailed “Deals Analysis Alerts” delivered directly to your
inbox – sign up below:

* Indicates Mandatory
*Phone Number:          
  captcha refresh
Enter Captcha Code:    

Send to friend

*Your EmailID:    
*Friend's EmailID:    
  captcha refresh
Enter Captcha Code: