Snam issues more bonds to finance energy transition projects

Oil&Gas Materials 22 December 2020 10:26 (UTC +04:00)
Snam issues more bonds to finance energy transition projects

BAKU, Azerbaijan, Dec.22

By Leman Zeynalova – Trend:

Italian Snam company has issued more bonds to finance energy transition projects, Trend reports citing the company.

Borsa Italiana welcomed the second Transition bond of Snam to ExtraMOT PRO. The Transition bond is the third instrument issued by Snam listed on the green and/or social segment of the Italian Stock Exchange.

The bond, issued on 30 November, has an equivalent value of 600 million euros, it pays interest equal to 0,034 percent and expires on 7/12/2028.

The proceeds from Snam's Transition bond will be used to finance projects in the energy transition, the so-called Eligible Projects, as defined in the Transition Bond Framework published by the company last June.

With Snam's Transition bond, the list of securities for sustainable development on the bond markets of Borsa Italiana reaches the number of 156 listed instruments since the birth of the segment.

Snam is one of the world’s leading energy infrastructure operators and one of the largest Italian listed companies in terms of market capitalization. The company’s sustainable and technologically advanced network guarantees security of supply and promotes development in the territories, while also contributing to promote the energy transition. As well as in Italy, it operates, through its international subsidiaries, in Albania (AGSCo), Austria (TAG, GCA), China (Snam Gas & Energy Services Beijing), United Arab Emirates (ADNOC Gas Pipelines), France (Teréga), Greece (DESFA) and the United Kingdom (Interconnector UK). Snam is also one of the main shareholders of TAP (Trans Adriatic Pipeline), the final section of the Southern Energy Corridor.

Since 2001 Snam is a public company, listed in the FTSE MIB index of the Italian Stock Exchange.


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