Snam's tiny NIP irks some, but tap gets big book

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Snam's tiny NIP irks some, but tap gets big book

Snam pipes for new website

Snam, the Italian natural gas transmission company, tapped its April 2023 bond for €250m on Wednesday. The new notes were priced with a very small pick-up, putting some investors off, but the transaction was still more than three times subscribed.

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