Debt management
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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 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

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updated
29 April 2022 - 11:41 CEST