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 2021
Updated to 31 December 2021
* Floating rate debt is mainly linked to EURIBOR (Europe Interbank Offered Rate).
Overall net debt (31/12/2021): €14,021 million
Average maturity M/L term: ~ 5 years.
M/L TERM BANKING FACILITIES MATURITIES AS AT 31/12/2021
* Future payments include the cash flow generated by hedging derivative contracts.
FINANCIAL DEBT
Bonds, Commercial Paper and Committed Credit facilities as at 31 December 2021
| Market funding facility | Maturity / Weighted Average Maturity |
Nominal Amount at 31 December 2021 (€ mln) |
|---|---|---|
| Bonds | ||
| Snam SpA - EMTN - 2012 | 2022 | 582 |
| 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 - CONVERTIBLE - 2017 | 2022 | 397 |
| Snam SpA - EMTN - 2017 | 2024 | 106 |
| Snam SpA - EMTN - 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 | 750 |
| Snam SpA - EMTN - 2020 | 2028 | 600 |
| Snam SpA - EMTN - 2021 | 2025 | 500 |
| Snam SpA - EMTN - 2021 | 2031 | 500 |
| EIB financing* | 2028 | 1,687 |
| Bilateral Term Loan | 18 months | 1,540 |
| Commercial paper | 6 months (2023 program maturity) | 2,500 |
| Revolving credit facility** | 2025 | 3,200 |
* Of which 150 mln not drawn
** Currently not drawn
Page Alert
updated
29 April 2022 - 11:41 CEST
29 April 2022 - 11:41 CEST