Snam SpA (SRGIM)

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C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	UTIL	PRCD	SRGIM	Snam SpA	€1,500		2	EMEA	Feb 12, 2024

Tranche #1Snam SpA

currency

EUR

size (m)

500.000

maturity

Feb 19, 2028

type

Fixed

tenor

4.000

call

registration

Reg S Only

benchmark

Swaps

ranking

Sr. Unsecured

moody's

Baa2

s&p

BBB+

fitch

BBB+

size description

re-open/tap

ipt

MS+110-115

ipt-pxd

guidance

spread

coupon

3.375%

spread set

price

99.59600

yield

3.485%

book size (m)

peak book (m)

x-covered

book attrition

nic

-5

billing & delivering

active leads

joint leads

,,,,

passive leads

co-managers

coordinating managers

book size (m)

peak book (m)

x-covered

book attrition

nic

-5

billing & delivering

active leads

joint leads

,,,,

passive leads

co-managers

coordinating managers

Tranche #2Snam SpA

currency

EUR

size (m)

1,000.000

maturity

Feb 19, 2034

type

Fixed

tenor

10.000

call

registration

Reg S Only

benchmark

Swaps

ranking

Sr. Unsecured

moody's

Baa2

s&p

BBB+

fitch

BBB+

size description

re-open/tap

ipt

MS+150-155

ipt-pxd

guidance

spread

120

coupon

3.875%

spread set

price

99.50400

yield

3.936%

book size (m)

peak book (m)

x-covered

book attrition

nic

-5

billing & delivering

active leads

joint leads

,,,,

passive leads

co-managers

coordinating managers

book size (m)

peak book (m)

x-covered

book attrition

nic

-5

billing & delivering

active leads

joint leads

,,,,

passive leads

co-managers

coordinating managers

Tranche Comments

4 yr: Registration: Reg S Only; Comments: EUR500m 4yr(2/19/2028) cpn 3.375% at 99.596, yld 3.485%. Spread: MS+70bps. MWC: B+20bps. Clean Up Call: 80%. Par Call: 1m. DBR 0 ½ 02/15/28+115.1bps (@ 93.070), HR 101%. LEI: 8156002278562044AF79; 10 yr: Registration: Reg S Only; Comments: EUR1bn 10yr(2/19/2034) cpn 3.875% at 99.504, yld 3.936%. Spread: MS+120bps. MWC: B+25bps. Clean Up Call: 80%. Par Call: 3m. DBR 2.6 08/15/33 + 159.7bps (@102.190), HR 95%. LEI: 8156002278562044AF79;

Deal Comments

Green Bond (4yr). Sustainability-Linked Bond (10yr).Joint Bookrunners: BNP(B&D) (4yr), BRC(B&D) (10yr), BAM, GSC, ICB, INS, ING, JPM, MBC, MIZ, SMB, SOC, UNI

Use of Proceeds

4yr: Refinancing of Eligible Green Projects; 10yr: General Corporate Purposes

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