Italian energy companies warm to private bonds as Generali ups investment exposure
A pair of Italian utilities want to increase their use of privately placed bonds after using the format for the first time this year, while a major Italian investor has also revealed its growing love of the format.
Snam, which operates Italy's national gas transmission network, and Iren, a regionally active multi-utility, intend to issue further private bonds.“Private placements are among the levers we want to use in future,” said Sergio Molisani, head of capital markets, financial planning and risk management at Snam, which began ...
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