Milan, 5 November 2018 – Italgas’ Board of Directors, chaired by Lorenzo Bini Smaghi, met today and approved the renewal of the EMTN Programme launched in 2016 and renewed in 2017 for a maximum total amount confirmed at 3,500 million euro.
The Board of Directors has also approved the issue, by 4 November 2019, of one or more bonds to be placed with institutional investors. The total amount of the bonds issued may not in any case exceed the abovementioned maximum amount. The newly bonds issued may be listed on one or more regulated markets.
As of today, 2,900 million euro of bonds have been issued under the EMTN Programme.
The EMTN Programme is an effective tool for Italgas to continue to access debt capital markets and secure funding at competitive costs in order to support the Company's growth.