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	€1,000		1	EMEA	Sep 3, 2024

Tranche #1Snam SpA

currency

EUR

size (m)

1,000.000

maturity

type

Fixed

tenor

call

registration

Reg S Only

benchmark

Swaps

ranking

moody's

Ba1

s&p

BBB-

fitch

BBB-

size description

re-open/tap

ipt

5.125-5.25%

ipt-pxd

guidance

4.75% a (+/-12.5)

spread

216.2

coupon

4.50%

spread set

price

99.44800

yield

4.625%

book size (m)

2,700

peak book (m)

x-covered

2.7

book attrition

nic

billing & delivering

active leads

joint leads

,,,,

passive leads

co-managers

coordinating managers

book size (m)

2,700

peak book (m)

x-covered

2.7

book attrition

nic

billing & delivering

active leads

joint leads

,,,,

passive leads

co-managers

coordinating managers

Tranche Comments

P NC 5.25: Book size: 2700; Redemption: 2029-09-10; Registration: Reg S Only; Comments: EUR1bn PNC5.25 hybrid bmk RegS. Ba1/BBB-/BBB-. BNPP(B&D)/GS/JPM/Barc/BBVA/BofA/Citi/IMI/MS/MUFG/SG/Uni. IPTs 5.125%/5.25% yield, guidance 4.75% area (+/- 0.125% WPIR) for 750m-1bn max, launch 1bn at 4.625%. Final books 2.7bn+ (peak 4.2bn+). Final MS+216.2, DBR 11/29, B+245.8. FTT 4:50pm. Reset Date: 2029-12-10. Par Call: 3m. MWC: B+40bps. LEI: 8156002278562044AF79;

Deal Comments

Hybrid Bond

Use of Proceeds

General Corporate Purposes

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Snam SpA (SRGIM)

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