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FAQ Bondholders

SNAM DEBT

  • What is the Snam credit rating?

    On 29 October 2018 Moody’s confirmed a Baa2 rating for Snam long-term debt (stable outlook), while Standard and Poor's on 27 November 2018 confirmed its rating to BBB+ (negative outlook ). On 12 December 2018 the Fitch agency has confirmed its credit rating: BBB+ with stable outlook.
  • Which is the amount of Snam’s bond issued?

    Bond issue
    Maturity
    Amount euro
    Coupon
    17 September 2012
    19 September 2022
    609,000,000
    5.250%
    13 November 2012
    13 February 2020
    526,000,000
    3.500%
    10 April 2013 29 January 2021 267,000,000 3.375%
    25 October 2013 25 October 2019 JPY 10,000,000,000 1.115%
    22 January 2014 22 January 2024 394,000,000 3.250%
    24 April 2014 24 April 2019 225,000,000 1.500%
    22 October 2014 21 April 2023 344,000,000 1.500%
    19 November 2015 19 November 2023 263,000,000 1.375%
    25 October 2016 25 October 2026 1,250,000,000 0.875%
    25 October 2016 25 October 2020 500,000,000 0.000%
    25 January 2017 25 January 2025 500,000,000 1.250%
    21 February 2017 21 February 2022 300,000,000 EU3M+60bps
    20 March 2017 20 March 2022 400,000,000 0.000%
    27 July 2017 27 July 2024 350,000,000 EU3M+40bps
    25 October 2017 25 October 2027 650,000,000 1.375%
    29 January 2018 29 January 2020 350,000,000 Floating Eur+40bps
    18 September 2018 18 September 2023 900,000,000 1.000%
    28 February 2019 28 August 2025 500,000,000 1.250%

  • What is the amount of Snam debt?

    At 31 December 2018, Snam debt is euro 11,548 million.
  • What is the Snam debt structure?

    Financial liabilities at 31 December 2018 refer mainly to bond loans (€8,446 million, or 62.9%) and bank loans (€4,749 million, or 35.4%, including €1,448 million provided by the European Investment Bank - EIB).
     
    At 31 December 2018 the breakdown of debt by type of interest rate is: fixed rate 78% and floating rate 22%.
  • What is the average maturity of your debt?

    At 31 December 2018 the average maturity of the long term debt is 5 years. Such maturity is consistent with Snam business profile and its regulatory context.

BONDHOLDERS' MEETING

  • Which are the rules applicable to the bondholders’ meeting?

    Pursuant to article 2415 of the Italian Civil Code, the rules governing the extraordinary meeting of the shareholders apply alto to the bondholders’ meeting and the resolutions of the bondholders’ meeting are registered in the Companies Register by the public notary who drafted the minute. More details are available in the Generic FAQ page.

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updated
05 August 2016 - 16:45 CEST