This press release (the “Press Release”) (including the information contained herein) does not constitute or is part of an offering of the Notes in the United States of America, Japan, Australia or Canada and any other jurisdiction where the extension, dissemination or availability of the transaction (and any other transaction contemplated thereby) would breach any applicable law or regulation or require registration of the Notes in the relevant jurisdiction (the “Restricted Jurisdictions”). This Press Release is not for publication or distribution, directly or indirectly, in or into the Restricted Jurisdictions.
Rome, June, 18th 2026
Ferrovie dello Stato Italiane S.p.A. (FS) has completed the placement of a new green bond under its EMTN Programme, for a nominal amount of 650 million euro and with maturity in June 2031.
The transaction is part of the debt strategy approved by the FS Group last March and confirms FS’s continued presence in the capital markets, as well as the role of sustainable finance as a lever to support the Group’s investments in railway mobility and related infrastructure.
The issuance will be dedicated to financing Eligible Green Projects in accordance with FS’s current Green Bond Framework. In particular, the proceeds will be allocated to financing investments in Italy in passenger transport and railway infrastructure, 100% aligned with the EU Taxonomy, as described in FS’s Green Bond Framework.
The coupon was set at 3.25%, with a final spread of 54.7 basis points over the relevant mid-swap rate.
The bond will be listed on Euronext Dublin and on the MOT, Borsa Italiana’s electronic bond market.
The transaction recorded demand equivalent to 3.2 times the offer and approximately 90 investor orders, with significant participation from abroad, the bulk of demand coming from ESG accounts, and SSA investors representing approximately 38% of the total allocation. The quality and diversification of the book, including in terms of international and ESG investor participation, further confirm the effectiveness of FS’s ongoing dialogue with the financial community
The market response, in a highly dynamic environment, confirms investor interest in FS’s credit profile and in its projects with significant positive impacts in terms of environmental sustainability.
With this new issuance, FS strengthens its position among the leading companies in Italy by total outstanding green bonds.
Barclays, BNP Paribas, Crédit Agricole CIB, Intesa Sanpaolo (IMI CIB Division), Morgan Stanley and UniCredit acted as Active Bookrunners.
Banca Akros, CaixaBank and ING acted as Passive Bookrunners.
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