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The issue represents the first transaction executed under Italgas’ EMTN Programme approved by CONSOB in July 2025 and marks the first dematerialized issuance by an Italian corporate with securities governed by English law and listed on the Mercato Telematico delle Obbligazioni (“MOT”), managed by Borsa Italiana.
The bond carries a maturity of 6 years with an annual coupon of 3.625%. The issuance attracted orders exceeding 2.5 times the amount offered and was characterised by a high quality and broad geographical diversification of investors.
The Hogan Lovells team that advised on the transaction was led by partners Patrizio Messina and Alessandro Accrocca and included associates Edoardo Minnetti and Noemi Biagini, and trainee Riccardo Del Torto.