A night in the history of gas

On September 15, 2017 Italgas will participate in the “Night of Archives”: a special event, now in its second edition, where some of the most prestigious historical archives in Turin will open its doors to enthusiasts.

From 7 to 11 p.m., the Historical Archives and the Italgas Museum will reveal its historical and industrial heritage, retracing the company’s history and the stages of the country’s technological and social development. Admission is free while places last.

The objects and documents that have made the history of the gas industry will be told by the “writer-craftsman” – as he likes to call himself – Bruno Gambarotta, journalist, author and director of radio and television programs.

Italgas Historical Archive and Museum

The first project for the creation of a historical archive and an exhibition of objects and documents of the gas industry, in line with the objective of safeguarding and enhancing the heritage of history and technology that the company had at its disposal, dates back to the 1980s. On 31 December 2016 also came the recognition of “considerable historical interest” issued by the Archival Superintendence for Piedmont and Valle d’Aosta. In 1994, thanks to the impulse of historical institutes and scientific research committees, the most suitable location for hosting and exhibiting archival materials and objects was identified, located in Via Po 53. As a result of the great increase in the number of exhibits and the type of materials conserved (which now include interactive and multimedia elements), the Archives and the Museum are currently housed in the technological headquarters in Corso Palermo 3, at the Italgas Management. The interior spaces include an exhibition section (consisting of a collection of historical finds relating to the history of the gas industry), an archive section (which houses a historical collection of documents relating to the gas sector) and a Study Centre (consisting of a library and rooms equipped for meetings and conferences).

Italgas: a fixed rate bond issue successfully launched for a total amount of 500 million euro

NOT TO BE PUBLISHED OR DISTRIBUTED IN THE UNITED STATES, AUSTRALIA, CANADA AND JAPAN

Milan, September 11, 2017 – Today Italgas SpA (rating BBB+ by Fitch, Baa1 by Moody’s) successfully launched a fixed rate note issue, with maturity 18 January 2029 for an amount of 500 million euro with an annual coupon of 1.625% under its EMTN Programme (Euro Medium Term Notes) which was approved by the Board of Directors on 18th October, 2016.

The issuance is aimed at further optimizing Italgas financial structure, in terms of Italgas short and medium-long term debt, extending the average duration of debt and increasing the fixed rate quota.

This bond represents the longest tranche ever issued by Italgas so far and the longest tenor issued in euro by an Italian issuer in 2017 year to date.

The transaction was more than 2.6 times oversubscribed with high quality and wide and geographical diversification of investors.
Joint Bookrunners of the placement, restricted to institutional investors only, were Banca IMI, BNP Paribas, Citi, J.P. Morgan, Mediobanca, Société Générale and UniCredit.

The bond will be listed on the Luxembourg Stock Exchange.

Details are as follows:

  • Amount: 500 million euro
  • Maturity: 18 January 2029
  • Annual coupon of 1.625%. The re-offer price is 99.746 (equivalent to a spread of 72 basis points over the reference mid-swap rate).

DISCLAIMER

This announcement (and the information contained therein) does not constitute or form part of any offer to sell nor a solicitation of any offer to buy any securities nor shall there be any offer of securities in any jurisdiction in which such offer or sale would be unlawful. It may be unlawful to distribute this announcement in certain jurisdictions. This announcement does not constitute an offer of securities for sale in the United States, in Australia, Canada and Japan and in any jurisdiction in which such offer or sale would be unlawful and is not for publication or distribution in any such jurisdictions. The securities referred to in this announcement have not been and will not be registered under the US Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This announcement is not a public offer of financial products in Italy as per Article 1, para. 1, letter. t) of Legislative Decree no. 58 of February 24, 1998. The documentation relating to the offer has not been/will not be submitted to the approval of CONSOB.

Italgas finalises its First Euro Medium Term Notes Programme

Milan, 21 November 2016 – Italgas has finalised a medium to long-term issuance programme (Euro Medium Term Note Programme), for a total of up to EUR 2.8 billion, further to the Board of Directors’ approval on 18 October 2016.

The programme envisages the issuance of one or more non-convertible bonds to institutional investors in Europe, issued in one or more tranches by 31 October 2017.

The issued securities will be listed on the Luxembourg Stock Exchange. Moody’s and Fitch credit rating agencies have assigned this programme a rating of “Baa1” Outlook Stable, and “BBB +” respectively.

“In line with our strategy and targets presented to the financial community during our Capital Market Day and the road show, we are laying the foundations to establish a solid and efficient financial structure – Paolo Gallo, CEO of Italgas, said – aiming to diversify our funding sources and reach an appropriate balance between fixed and floating rate at competitive costs”.

The prospectus of EMTN Programme is available on the Company’s website (www.italgas.it in the “Investors” – “Debt and Credit rating” section).

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