Italgas slips in for €500m as bond market dims

By Mike Turner
02 Dec 2019

Italgas, the Italian gas distributor, issued a €500m 12 year bond on Monday, although syndicate bankers said they expected deal flow to diminish to a trickle over the week.

Italgas, rated Baa2/BBB+, opened books on its deal at 105bp over mid-swaps, before whittling the spread down to 83bp at pricing on books of more than €1.2bn.

At the same time, Italgas has launched a tender offer for its €750m 0.5% January 2022 bonds and its €650m 1.125% March ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access:

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: or find out more online here.