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Month: September 2024

Italgas: high demand for the reopening of the bond maturing in February 2029 (“TAP issue”) for an amount of 350 million euros

Posted on by adigiuseppe

Milan, September 24, 2024 – Italgas S.p.A. (rated BBB+ by Fitch, Baa2 by Moody’s) successfully completed today the reopening of bond issuance carried out on February 8, 2024.

The transaction recorded a demand exceeding three times the initial offer, allowing the amount offered to be increased to 350 million euros.

The proceeds of the issue will be used to refinance bank indebtedness soon to mature.

The placement, exclusively targeted to institutional investors, was organized and led, as Joint Bookrunners, by Banca Akros, BNP Paribas, BofA Securities, Citi, J.P. Morgan, Morgan Stanley and Société Générale.

The bond will be listed on the Luxembourg Stock Exchange.

Details are as follows:

Amount: 350 million euros

Maturity: February 8, 2029

Annual Coupon: 3.125%. The re-offer price is 99.683 (equivalent to a spread of 95 basis points over the reference mid-swap rate).

Italgas launches a new bond issuance for an amount of 250 million euros expected, reopening the bond expiring in February 2029 (“TAP Issue”)

Posted on by adigiuseppe

Milan, 24 September 2024 – Italgas S.p.A. (rated BBB+ by Fitch, Baa2 by Moody’s) launched this morning on the market a new bond issuance for 250 million euros expected, reopening the already outstanding bond of 650 million euros maturing in February 2029.

The proceeds of the issue will be used to refinance bank indebtedness soon to mature.

The placement, exclusively targeted to institutional investors, is organized and led, as Joint Bookrunners, by BNP Paribas, J.P. Morgan, Citi, Morgan Stanley, Société Générale, Bank of America e Banca Akros.

Transparency and Trust: Italgas Achieves ISO 37002 Certification for its Whistleblowing System

Posted on by adigiuseppe

Transparency and whistleblowing are crucial elements in building healthy organizations based on trust and responsible governance. In an increasingly complex corporate world, having tools that ensure the safe reporting of irregularities or misconduct becomes indispensable for promoting shared accountability and adherence to the rules. Whistleblowing embodies just that: a free voice that, in a protected context, helps companies improve and prevent critical situations, benefiting all stakeholders.

In this spirit, the Italgas Group – together with its main companies: Italgas S.p.A., Italgas Reti, Medea, Bludigit, Geoside, Toscana Energia, Nepta, and Metano Sant’Angelo Lodigiano – has achieved an important milestone: the certification of its whistleblowing management system by DNV, in accordance with the ISO 37002:2021 standard, “Whistleblowing Management Systems – Guidelines.” This recognition not only certifies compliance with regulations and best practices but also serves as a testament to the Group’s ongoing commitment to fostering a corporate culture grounded in transparency, ethical governance, and the prevention of misconduct.

To mark this significant achievement, today, Monday, September 23, the official ceremony for the delivery of the ISO 37002 compliance certification by the certifying body DNV took place at the Milan headquarters. The prestigious award was received by Germana Mentil, General Counsel of Italgas, together with the Legal Compliance and Anti-Corruption Team.

Indeed, Italgas’ whistleblowing management system has been designed to encourage the reporting of misconduct and ensure that such reports are handled with the utmost seriousness, transparency, and timeliness. In this way, not only are whistleblowers protected, but a stronger bond of trust is built between the company and its stakeholders, both internal and external. This open dialogue not only strengthens transparency but also fosters a culture of widespread accountability, where every individual feels actively involved in maintaining an ethical and law-abiding work environment.

Jasmine Paolini at Italgas Headquarters in Milan: A “Gift” for Italgas’ 187th Anniversary

Posted on by adigiuseppe

A surprise visit from the Olympic champion. Since last July, the Group has been by her side as she climbs to the top of the global tennis rankings.

Italgas has strengthened its long-standing commitment to supporting Italian tennis by partnering, since last July, with one of its brightest stars: Jasmine Paolini. This partnership quickly proved successful, with Jasmine achieving remarkable results, reaching two Grand Slam finals and securing a gold medal in women’s doubles at the Paris 2024 Olympics. Italgas is proud to support and accompany her on her journey to the pinnacle of world tennis.

The gold medal – the first in the history of Italian tennis at the Olympics – made its way to the Milan headquarters of Italgas, along with its rightful owner. A fortunate coincidence, as it falls in line with the Group’s 187th anniversary.

Jasmine Paolini is an extraordinary example of determination and passion, values that Italgas shares and draws inspiration from in its continuous growth and innovation. With her competitive spirit and dedication, she is the perfect ambassador for the Group’s energy.

We have always believed in the power of sports and in supporting talent. Since 2018, we have been backing Italian tennis: the tennis net and the gas network symbolically intertwine in this synergy, connecting play, strategy, mutual support, and teamwork. Promoting tennis and emerging talents like Jasmine is an integral part of our mission.

Celebrating 187 years of history and a new digital look

Posted on by adigiuseppe

Milan, September 12, 2024 – Since 1837 Italgas has been a constant reference for the social and economic life of the country. Italy before Italy, a Company that has made the continuous push for innovation the hallmark of its history and its ability to make the future present.

In Turin in the first half of the 19th century, when the streets were lit only by a few oil lamps, Italgas invested in innovative technology that would revolutionize the lives of millions of people. Since then, it has continued the same path of grasping people’s ‘new’ needs and adapting to a constantly changing environment. Each decade has seen Italgas take on new challenges, adopt cutting-edge technologies and improve its services while contributing to the growth and well-being of the community.

Today, on the 187th anniversary of its founding, the Company celebrates a past that straddles three centuries: a long history, always told and shared through the ‘media’ of the moment: from black-and-white periodicals to calendars, from the first simple advertisements, made up of an image and a slogan, to the Liebig figurines, makers of a historic “meat extract,” through which Italgas told of the advantages of gas. And then radio, TV, the web…

The new Italgas website that sees the light of day today represents both a technological upgrade and a tale in the concrete of a leadership that aims to drive a transition to net zero based on a sustainable and accessible model.

The new Italgas website, designed to meet the needs of the Group’s various stakeholders, is a tool for communication and engagement. With its intuitive structure, the new site encourages awareness of the Group’s activities and development projects, acting as a bridge between past and present, a symbol of a company in continuous evolution but firmly anchored to its roots.