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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 2020

 

Updated to 31 December 2020

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

Overall net debt (31/12/2020): €12,887 million

Average maturity M/L term: ~ 5 years.

 

M/L TERM BANKING FACILITIES MATURITIES AS AT 31/12/2020

 

* Including: for 2020 the draw-down of uncommitted credit facilities for overall € 450 mln drawn during the year; for 2021 the draw-down of uncommitted credit facilities for overall € 1.5 bn drawn during the year.

 

FINANCIAL DEBT

 

Bonds, Commercial Paper and Committed Credit facilities as at 30 December 2020

Market funding facility Maturity / Weighted
Average Maturity
Nominal Amount
at 30 December 2020 (€ mln)
Bonds
Snam SpA - EMTN - 2012 2022 582
Snam SpA - EMTN - 2013 2021 259
Snam SpA - EMTN - 2014 2024 385
Snam SpA - EMTN - 2014 2023 190
Snam SpA - EMTN - 2015 2023 167
Snam SpA - EMTN - 2016 2026 1,250
Snam SpA - EMTN - 2017 2025 339
Snam SpA - EMTN - 2017 2022 151
Snam SpA - EMTN - 2017 2022 400
Snam SpA - EMTN - 2017 2024 106
Snam SpA - CONVERTIBLE - 2017 2027 650
Snam SpA - EMTN - 2018 2023 522
Snam SpA - EMTN - 2019 2025 500
Snam SpA - EMTN - 2019 2030 250
Snam SpA - EMTN - 2019 2024 700
Snam SpA - EMTN - 2019 2034 600
Snam SpA - EMTN - 2020 2030 500
Snam SpA - EMTN - 2020 2028 600
 
BEI financing 2028 1,619
Bilateral Term Loan 12/2021 2,140
Commercial paper 6 months (2023 program maturity) 2,500
Revolving credit facility* 2025 3,200

*Currently not drawn

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updated
12 April 2021 - 10:53 CEST