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Debt management

The Snam Group has access to capital markets in order to meet its short and long term financial needs through different sources of funding with the goal to maintain a solid and efficient capital structure.

To ensure its financial structure fits with its business objectives, Snam has diversified the composition and maturity of its debt

 

Updated to 31 December 2018

 

Updated to 31 December 2018

* Floating rate debt is mainly linked to EURIBOR (Europe Interbank Offered Rate).

Overall net debt (31/12/2018): €11,548 million

Average maturity M/L term: ~ 5 years.

 

M/L TERM BANKING FACILITIES MATURITIES AS AT 31/12/2018

 

* Including for 2019 the draw-down of uncommitted credit facilities for ca. €1,751 bn (drawn credit lines as at 31/12/2018).

 

FINANCIAL DEBT

 

Bonds, Commercial Paper and Committed Credit facilities as at 30 June 2019

Market funding facility Maturity / Weighted
Average Maturity
Nominal Amount
at 30 June '19 (€million)
Bonds
Snam SpA - EMTN - 2012 2022 609
Snam SpA - EMTN - 2012 2020 526
Snam SpA - EMTN - 2013 2021 267
Snam SpA - EMTN - 2013 2019 82
Snam SpA - EMTN - 2014 2024 394
Snam SpA - EMTN - 2014 2023 344
Snam SpA - EMTN - 2015 2023 263
Snam SpA - EMTN - 2016 2026 1,250
Snam SpA - EMTN - 2016 2020 500
Snam SpA - EMTN - 2017 2025 500
Snam SpA - EMTN - 2017 2022 300
Snam SpA - EMTN - 2017 2024 350
Snam SpA - EMTN - 2017 2027 650
Snam SpA - CONVERTIBLE - 2017 2022 400
Snam SpA - EMTN - 2018 2020 350
Snam SpA - EMTN - 2018 2023 900
Snam SpA - EMTN - 2019 2025 500
Snam SpA - EMTN - 2019 2030 250
 
BEI financing 2028 1,585
Bilateral Term Loan 2021 1,050
Commercial paper 2 - 3 months 1,431
Revolving credit facility* 2023 3,200

*Currently not drawn

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updated
05 August 2019 - 11:52 CEST