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	-		2	EMEA	Nov 19, 2024

Tranche #1Snam SpA

currency

EUR

size (m)

750.000

maturity

Nov 26, 2031

type

Fixed

tenor

7.000

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 a

ipt-pxd

guidance

MS+125 a

spread

123

coupon

3.375%

spread set

price

99.28400

yield

3.492%

book size (m)

2,250

peak book (m)

x-covered

book attrition

nic

billing & delivering

active leads

joint leads

,,,,

passive leads

co-managers

coordinating managers

book size (m)

2,250

peak book (m)

x-covered

book attrition

nic

billing & delivering

active leads

joint leads

,,,,

passive leads

co-managers

coordinating managers

Tranche #2Snam SpA

currency

GBP

size (m)

600.000

maturity

Nov 26, 2036

type

Fixed

tenor

12.000

call

registration

Reg S Only

benchmark

ranking

Sr. Unsecured

moody's

Baa2

s&p

BBB+

fitch

BBB+

size description

re-open/tap

ipt

G+145-150

ipt-pxd

guidance

G+130

spread

130

coupon

5.75%

spread set

price

99.51200

yield

5.807%

book size (m)

1,350

peak book (m)

x-covered

2.25

book attrition

nic

billing & delivering

active leads

joint leads

,,,,

passive leads

co-managers

coordinating managers

book size (m)

1,350

peak book (m)

x-covered

2.25

book attrition

nic

billing & delivering

active leads

joint leads

,,,,

passive leads

co-managers

coordinating managers

Tranche Comments

7 yr: Book size: 2250; Registration: Reg S Only; Comments: EUR750m 7yr bmk snr unsec SLB RegS. Baa2/BBB+/BBB+/. BNPP/Citi/GS(B&D)/Akros/CA-CIB/IMI/JPM/Medio/Miz/MS/SMBC/Uni. IPTs MS+150 area. Guidance MS+125 area (+/-2). Launch 750m at MS+123. Final books 2.25bn+ (peak 2.5bn+). HR: 107% vs DBR 0% Aug-2031 (B+134.7 / Px 86.685). Par Call: 3m. Cleanup Call: 80%. MWC: B+20bp. CoC: 101%. LEI: 8156002278562044AF79; 12 yr: Book size: 1350; Registration: Reg S Only; Comments: EUR600m debut GBP 12yr bmk snr unsec SLB RegS. Baa2/BBB+/BBB+/. BNPP/Citi/GS(B&D)/Akros/CA-CIB/IMI/JPM/Medio/Miz/MS/SMBC/Uni. IPTs UKT 4.25% Mar-2036 +145/+150. Guidance UKT+130. Launch 600m. Final books 1.35bn+ (peak 1.45bn+). HR: 99% vs UKT 4.25% Mar-2036 at 97.74 mid / 97.73 bid (4.507% s.a). Par Call: 3m. MWC: G+20bp. CoC: 101%. LEI: 8156002278562044AF79;

Deal Comments

Sustainability-Linked Bond

Use of Proceeds

General Corporate Purposes

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Snam SpA (SRGIM)

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