Debt Capital Market

On Wednesday 15 January 2025 SEA S.p.A. (“SEA”) has successfully placed a new Eur 300 million 7 years fixed rate bond. The proceeds of the issue will be used by the Issuer to repay the 3.50% bond due in October 2025 and for general corporate purposes.

On Wednesday 8 January 2025 Hera S.p.A. (“Hera”) successfully launched a new Eur 500 million fixed rate green bond, coupon 3.25%. The proceeds of the issue will be applied by the Issuer, in accordance with its Green Bond Framework, to finance strategic projects aimed at the green transition and aligned with the Taxonomy.

Banca Akros acted as Joint-Bookrunner in the offering of Alerion Clean Power’s new green bond. Banco BPM Corporate Team subscribed a share of the bond, backed by a SACE guarantee.

On Tuesday 19 November 2024 SNAM (rated Baa2, BBB+ e BBB+ by Moody’s, S&P’s e Fitch) made its return to the bond market with the fourth visit to the Euro bond Market this year, with a SLB note, addressed to institutional professional investors only, of €750 million at 7 years and of £600 million at 12 years. The Euro tranche will pay an annual coupon of 3.375%, while the GBP one will pay a coupon of 5,75% payable semi-annualy.

On Tuesday 24 September 2024 Italgas marked its return to the primary bond market with a € 350mn TAP of the existing € 650mn 3.125% Feb 2029 Notes issued in February 2024.

On Wednesday 7 August, AGSM AIM S.p.A. returned to the Capital Market making its debut in the green world with a new €46 million 5.537% green bond due August 2031. The funds raised will be used to support the energy and environmental investment plan.