Snam Launches First Dollar Bond Issue Worth $2 Billion, Attracting $10 Billion in Orders
Summary
Snam has successfully placed its inaugural dollar-denominated bond issue, raising a total of $2 billion and drawing demand nearly five times the offering size.The company announced in a statement that the issuance was structured as a multi-tranche Sustainability-Linked bond. "This marks the first and largest Sustainability-Linked dollar bond issued by a European investment-grade company with a regulated business model since the start of 2025," Snam specified. The company also noted that foreign currency funding now accounts for more than 10% of its medium- and long-term financial instruments.With this transaction, the group has accelerated its progress toward sustainable finance goals, increasing the share of sustainability-linked funding to 86% of its total committed funding.