<div id="readability-page-1"><div>(Alliance News) - Snam Spa announced on Wednesday the launch of a placement for green bonds totaling EUR500 million, maturing in 2031 and convertible into existing ordinary shares of Italgas Spa, alongside an invitation to sell Snam securities denominated &#34;3.25% EUR500 million EU Taxonomy-aligned Transition Bonds&#34; currently in circulation and maturing in 2028. As the company explained in a statement, the bonds will be issued at a nominal value of EUR100,000 and are expected to pay a fixed annual coupon ranging between 1.50% and 2.00%, payable in arrears on a semi-annual basis on January 14 and July 14 of each year, with the first coupon payment scheduled for July 14, 2026. The bonds will have a 5-year maturity and will be redeemed at par at maturity, unless the issuer opts to redeem in shares and, if necessary, an additional cash amount. Snam explained that it will use the proceeds from the bond placement to finance, partially or entirely, existing and/or future Eligible Projects. The offer and sale of the bonds will be conditional upon the expression of interest received from eligible holders in the Reverse Bookbuilding for the repurchase of an amount representing at least 60% of the nominal value of the 2028 bonds initially issued. As the statement continues, as of the repurchase date, a nominal total amount of EUR499.8 million of the 2028 bonds is outstanding, and Snam intends to repurchase up to the entire outstanding nominal amount of the 2028 bonds as part of the buyback. The repurchase price for each EUR100,000 of the 2028 bond principal will be set between EUR176,550 and EUR176,800 before any adjustment in line with the price variation of a share during the averaging period between January 7 and January 9, both dates inclusive. By Claudia Cavaliere, Alliance News reporter Comments and questions to redazione@alliancenews.comCopyright 2026 Alliance News IS Italian Service Ltd. All rights reserved.</div></div>

SNMRY

Snam Spa 已啓動一項價值 5 億歐元的綠色可轉換債券發行，債券到期於 2031 年，可轉換為 Italgas 股票。債券將支付固定年息 1.50% 至 2.00%，並將用於融資符合條件的項目。此外，Snam 計劃在此舉措中回購最多 4.998 億歐元的現有 2028 年債券。回購價格將在每 10 萬歐元債券本金之間設定為 176,550 歐元至 176,800 歐元，具體價格將根據股價調整

Snam 啓動綠色可轉換債券轉換為 Italgas 股份的發行