Italgas: 500 million euros fixed rate bond issue successfully completed

Milan, 1 June 2023 – Today Italgas SpA (rating BBB+, stable outlook, by Fitch and Baa2, negative outlook, by Moody’s) successfully priced a new bond issue, due June 2032, at fixed rate and for an amount of 500 million euros, annual coupon of 4.125%, under its EMTN Programme (Euro Medium Term Notes) established in 2016 and renewed by resolution of the Board of Directors on September 15^th, 2022.

The transaction has attracted almost 1.6 billion euros of demand from a high quality and geographically diversified investor base.

In line with its strategic targets, the Company took the opportunity to carry out a pre-funding exercise of future financial needs, while extending the average duration of the bond portfolio.

Joint Bookrunners of the placement, restricted to institutional investors only, were Banco Santander S.A., BNP Paribas, J.P. Morgan Securities plc, Intesa Sanpaolo S.p.A., Mediobanca S.p.A, Société Générale and Unicredit Bank AG acted as Dealer Managers.

The bond will be listed on the Luxembourg Stock Exchange.

Details of the note are as follows:

Amount: 500 million euros

Maturity: 8 June 2032

Annual coupon: 4.125%

Issue price: 98.746%