FS Italiane closed a new private placement with Eurofima, which subscribed Euro 250 million twenty-year floating rate notes.
Economic value distributed: €9.6 billion, 88% of the economic value generated (+7 points compared to 2019). 2.4% contribution to Italy’s GDP and equivalent employment impact of 260,000 jobs
FS issued its third green bond for a nominal value of 1 billion euro and a 7 years tenor.
New Mandate: FERROVIE € Green Senior 7yrs MS+70bps area.
The Board of Directors of FS Italiane has approved the issuance of new bonds and other medium/long-term funding instruments for a total maximum amount of 2.9 billion Euros.
Standard and Poor's affirmed both the Issuer Credit Rating at "BBB" and the "Stand Alone Credit Profile" (SACP) at "bbb+", the latter therefore one notch above the overall rating of FS and the Republic of Italy. The outlook remains negative.
Rete Ferroviaria Italiana - Anna Masutti (Chairwoman) and Vera Fiorani (CEO and General Manager). Trenitalia - Michele Pompeo Meta (Chairman) and Luigi Corradi (CEO and General Manager).
The FS Board of Directors approves to start the selection process in order to finalize a new Facility Agreement, given the expiry of the outstanding committed line in July 2021.
FS Italiane issued a new bond private placement for 80 million euros (series 16). The bond has a 3 years maturity and is issued off the EMTN Programme listed on Euronext.
Fitch Ratings released the annual assessment of Ferrovie dello Stato Italiane credit profile affirming the Issuer Default Rating at “BBB-” with a stable outlook which reflects that on Italy.