Bond SnamGas 0% ( XS1583310807 ) in EUR

Issuer SnamGas
Market price 100 %  ⇌ 
Country  Italy
ISIN code  XS1583310807 ( in EUR )
Interest rate 0%
Maturity 20/03/2022 - Bond has expired



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Minimal amount 100 000 EUR
Total amount 400 000 000 EUR
Detailed description Snam is an Italian energy infrastructure company primarily focused on the transportation and storage of natural gas.

This financial article details the recent maturity and redemption of a zero-coupon bond issued by Snam, an Italian energy infrastructure giant. Snam stands as a cornerstone of Europe's natural gas transportation and storage networks, operating extensive pipeline systems and critical storage facilities across Italy, thereby playing an indispensable role in ensuring national and European energy security and supply through its regulated and stable business model. The bond, identified by its ISIN Code XS1583310807, was a significant issuance denominated in Euros (EUR), representing a total issue size of 400,000,000 EUR. Characterized by a 0% interest rate, this zero-coupon instrument was designed to be purchased at a discount and repaid at its full nominal value upon maturity, with a minimum purchase size of 100,000 EUR primarily targeting institutional investors. Originally set to mature on March 20, 2022, and with an implied payment frequency of 1 (referring to the single principal repayment at maturity for a zero-coupon structure), this debt obligation has now successfully reached its scheduled maturity date, with its market price effectively at 100% on the redemption date, signifying its repayment at par to all bondholders, thus confirming its full and successful redemption.