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FAQ Bondholders

SNAM DEBT

  • What is the Snam credit rating?

    On 11 January 2021 Moody’s confirmed a Baa2 rating for Snam long-term debt (stable outlook), while Standard and Poor's on 22 February 2021 confirmed its rating to BBB+ (stable outlook ). On 22 January 2021 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
    582,454,000
    5.250%
    22 January 2014 22 January 2024 384,734,000 3.250%
    22 October 2014 21 April 2023 190,133,000 1.500%
    19 November 2015 19 November 2023 167,396,000 1.375%
    25 October 2016 25 October 2026 1,250,000,000 0.875%
    25 January 2017 25 January 2025 338,648,000 1.250%
    21 February 2017 21 February 2022 150,534,000 EU3M+60bps
    20 March 2017 20 March 2022 400,000,000 0.000%
    2 August 2017 2 August 2024 106,211,000 EU3M+40bps
    25 October 2017 25 October 2027 650,000,000 1.375%
    18 September 2018 18 September 2023 521,687,000 1.000%
    28 February 2019 28 August 2025 500,000,000 1.250%
    7 June 2019 7 January 2030 250,000,000 1.625%
    12 September 2019 12 May 2024 700,000,000 0.000%
    12 September 2019 12 September 2034 600,000,000 1.000%
    10 June 2020 17 June 2030 750,000,000 0.750%
    30 November 2020 7 December 2028 600,000,000 0.000%
    8 February 2021 15 August 2025 500,000,000 0.000%
  • What is the amount of Snam debt?

    At 31 December 2020, Snam debt is euro 12,887 million.
  • What is the Snam debt structure?

    Financial liabilities at 31 December 2020 refer mainly to bond loans (€ 8,140 million, or 51%) and bank loans (€ 5,260 million, or 33%, including € 1,620 million provided by the European Investment Bank - EIB).
     
    At 31 December 2020 the breakdown of debt by type of interest rate is: fixed rate 67% and floating rate 33%.
  • What is the average maturity of your debt?

    At 31 December 2020 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
24 May 2021 - 10:04 CEST