Italian TSO SIgns up Financing
Italian transmission system operator Snam has signed a €135mn ($154mn) financing deal with the European Investment Bank to replace and modernise parts of its network, it said January 28. The goal is to make the network and the related storage facilities safer and more efficient.
The financing, with a fixed-rate of 1.372% and expiring in December 2038, is part of the company’s strategy of optimising its financial structure, as it is complementary to bonds and bank credit lines and has a longer duration and competitive cost, it said.
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