IFLR1000

Italgas €1.5 billion 0.5% and 1.625% EMTN issues

17/1/2017
Investment grade bond/note issue
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€ 1.5 billion

$ 1.583 billion

Completed

17/1/2017

Overview:

  • Italgas has undertaken a €1.5 billion notes under its EMTN programme.
  • The issue consists of €750 million of 0.5% notes due 2022 and €750 million 1.625% notes due 2027. The bonds were issued on the Italian Stock Exchange.
  • Banca IMI, Barclays Bank, BNP Paribas, Citigroup Global Markets, Crédit Agricole, ING, JPMorgan Securities, Mediobanca, Societe Generale and UniCredit acted as joint lead managers.
  • Italgas is a natural gas distributor spun off from SNAM in 2016.

Sam Duke - Editor

Jurisdiction:

Italy

Deal type:

Investment grade bond/note issue

Practice area:

Capital markets : Debt

Governing law:

Italy

Industry sectors:

Energy
Oil and gas

Firms:
Allen & Overy

Party: Banca IMI (Joint lead manager)

Party: Barclays (Joint lead manager)

Party: BNP Paribas (Joint lead manager)

Party: Citigroup (Joint lead manager)

Party: Crédit Agricole (Joint lead manager)

Party: ING (Joint lead manager)

Party: JPMorgan Chase (Joint lead manager)

Party: Mediobanca (Joint lead manager)

Party: Société Générale (Joint lead manager)

Party: Unicredit (Joint lead manager)

Lawyers: Craig Byrne, Cristiano Tommasi

Orrick Herrington & Sutcliffe

Party: Italgas (Issuer)

Lawyers: Madeleine Horrocks, Patrizio Messina

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