Italgas SpA (IGIM)

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C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	UTIL	PRCD	IGIM	Italgas SpA	€1,000		2	EMEA	Feb 5, 2021

Tranche #1Italgas SpA

currency

EUR

size (m)

500.000

maturity

Feb 16, 2028

type

Fixed

tenor

7.000

call

registration

Reg S Only

benchmark

Swaps

ranking

Sr. Unsecured

moody's

Baa2

s&p

fitch

BBB+

size description

re-open/tap

ipt

MS+70 a

ipt-pxd

guidance

MS+50 a

spread

coupon

spread set

price

98.88600

yield

0.163%

book size (m)

1,500

peak book (m)

x-covered

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

1,500

peak book (m)

x-covered

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche #2Italgas SpA

currency

EUR

size (m)

500.000

maturity

Feb 16, 2033

type

Fixed

tenor

12.000

call

registration

Reg S Only

benchmark

Swaps

ranking

Sr. Unsecured

moody's

Baa2

s&p

fitch

BBB+

size description

re-open/tap

ipt

MS+85 a

ipt-pxd

guidance

MS+65 a

spread

coupon

0.5%

spread set

price

98.99500

yield

0.587%

book size (m)

1,250

peak book (m)

x-covered

2.5

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

1,250

peak book (m)

x-covered

2.5

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche Comments

7 yr: Book size: 1500; Registration: Reg S Only; Comments: EUR500m 7yr snr unsec RegS. With 12yr. Baa2/NR/BBB+. BNPP/CA-CIB/GS/BcaIMI/JPM(B&D)/Medio/MS/Uni. IPTs MS+70 area, guidance MS+50 area, launch 500m at MS+45, bk >1.2bn. DBR 0.5 02/28 (Spot 108.05) / DBR+78.2bps / HR 92%. FTT 4.20pm. LEI: 815600F25FF44EF1FA76; 12 yr: Book size: 1250; Registration: Reg S Only; Comments: EUR500m 12yr snr unsec RegS. With 7yr. Baa2/NR/BBB+. BNPP/CA-CIB/GS/BcaIMI/JPM(B&D)/Medio/MS/Uni. IPTs MS+85 area, guidance MS+65 area, launch 500m @ MS+60, bk >1.25bn. DBR 0 02/31 (Spot 104.49) +102.5bps HR 109%. FTT 4.20pm. LEI: 815600F25FF44EF1FA76;

Use of Proceeds

Refinancing and general corporate purposes

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Italgas SpA (IGIM)

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