Italgas has opened the books for the placement of a bond in euro. This is a senior bond for a maximum amount of 500 million, maturing in January 2029. The initial price indications are for a swap of 85 basis points above the midswap.
Italgas has a Baa1 rating from Moody's, with a negative outlook, and a BBB+ rating, with a stable outlook, from Fitch. The operation is managed by Banca Imi, Bnp Paribas, Citi, JP Morgan, Mediobanca, Société Générale and Unicredit. The security will be priced during the day.
