New bond issue by FS Italiane. The bond is worth a total of 100 million euros, is at a variable rate and has a duration of 8 years. The bonds were underwritten yesterday by the European Investment Bank.
Approximately 16% of the bond will finance the purchase of the Pop and Rock regional trains under the new service contract signed by Trenitalia and the Emilia-Romagna Region. There are a total of 86 new trains (47 Pop and 39 Rock). The trains will also be purchased with proceeds from the Green issue placed in November 2017.
This is the second time that the EIB has subscribed FS Italiane bonds for the purchase of regional trains. In December 2015, a 300 million bond euro financed the purchase of 49 locomotives and 250 double-decker carriages.
The securities, issued under FS Italiane's 4,5 billion euro EMTN programme, were rated BBB by Fitch and BBB by S&P's, along with the issuer rating.
With this operation, the amount of bonds issued by FS Italiane, under the EMTN Programme, reaches 3 billion and 750 million euros.
