IFLR1000

Snam €400 million convertible bond issue

14/3/2017
Convertible and hybrid securities, Investment grade bond/note issue
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€ 400 million

$ 430.368 million

Completed

14/3/2017

Overview:

  • Snam has issued €400 million in equity linked bonds.
  • The bonds, due in 2022, can be converted into shares.
  • BNP Paribas, Goldman Sachs and JPMorgan acted as joint bookrunners.

Sam Duke - Editor

Jurisdiction:

Italy

Deal types:

Convertible and hybrid securities
Investment grade bond/note issue

Practice area:

Capital markets : Debt

Governing law:

Italy

Industry sector:

Oil and gas

Firm:
A&O Shearman

Party: BNP Paribas (Bookrunner)

Party: Goldman Sachs (Bookrunner)

Party: JPMorgan Chase (Bookrunner)

Lawyer: Cristiano Tommasi

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