In the second half of May Autostrade per l'Italia he will launch his first one retail bonds for an inclusive amount between 750 million and 1,5 billion euros. The managing director of the parent company Atlantia, Giovanni Castellucci, said it today on the sidelines of the budget meeting.
The manager then confirmed the indiscretion anticipated a few days ago by Corriere della Sera, according to which the issue should be placed on May 18, with a fixed coupon and eight-year maturity. These latest details have not been confirmed by the company.
Atlantia's shareholders' meeting today approved the 2014 financial statements, closed with a profit of 740 million and the distribution of dividend of 0,80 euro per share payable on May 20th. The coupon will be detached on May 18th with a record date on May 19th.
Il ratio of net debt to Ebitda it fell to 3,3% "below the level of the most solid companies" and this, explains Castellucci, "gives us great strategic flexibility for the future, to think about how and where to grow".
The dividend grew by +7,2%, "the result of an improved profit and the change in the distribution policy (it was a fixed 5% annual increase, ed.) to one more anchored to results, which we think could be more than satisfaction for shareholders”.
Castellucci described the potential of the airport asset, in this year fully consolidated for the first time, recalling the growth of inbound traffic: “The growth rate of inbound traffic has been 8,5% on average per year over the last ten years. We believe that this asset has enormous potential that we will do everything to develop".
