Related Issuers
by Stephen Carter
Jan 17, 2022 9:20 AM ET
Autostrade per l'Italia SpA (ATOSTR) EUR benchmark size Reg S bearer sr notes 2-part. Expect Ba2/BB/BB+ (review for upgrade/positive outlook/Rating Watch positive). Via Citi/JPM/UniCredit. Off the EMTN programme. List Dublin. English law.
- EUR TBA due 2028 (6y). NCL (MWC) (3mo par call). (80% clean-up call). Put option at par for Concession Event.
- EUR TBA due 2032 (10y). NCL (MWC) (3mo par call). (80% clean-up call). Put option at par for Concession Event.
Investor calls today (global investor call at 11:30am UKT today). UOP: GCP, including capex and investments, and repaying existing debt. Biz: toll motorway concession in Italy (approx. 50% of the Italian motorway system). HQ: Rome, Italy.