IGD issued corporate bonds on the debt capital markets in order to meet the company’s financial needs, diversifying sources as deemed opportune and optimizing both the structure and cost of debt.
We currently have a total outstanding amount of € 277.8 million in outstanding bond loans.
| Financial instrument | Type of financial instrument | Nominal value | Outstanding value | Issue and expiry date | Maturity | Coupon | Payment frequency | Listing* | ISIN |
|---|---|---|---|---|---|---|---|---|---|
| €310,006,000 Fixed Rate Step-Up Notes due 17 May 2027 | Senior non-subordinated, non-convertible bond | 310,006,000€ | 220,006,000€ | 17/11/2023 17/05/2027 | 3.5 years | Average 7% with step-up coupon | Yearly (first coupon "short") | Global Exchange Market of Euronext Dublin Euronext Access Milan | XS2717313964 |
| €57,816,000 Fixed Rate Step-up Notes due 17 May 2027, formerly the € 400,000,000 2.125 per cent Fixed Rate Notes due 28 November 2024 | Senior non-subordinated, non-convertible bond | 57,816,000 € | 57,816,000 € | 28/11/2023 (date of Amendment) 17/05/2027 | 3.5 years | Average 7% with step-up coupon | Yearly (first coupon "short") | Irish Stock Exchange Euronext Access Milan | XS2084425466 |
* By clicking on the listing stock exchange you can have access to the relevant prospectus.
The outstanding bond loans are mainly subordinated to compliance with the covenants. Below we publish the detailed list.
| Covenant | Threshold | At 31/12/2023 |
| Ratio of Total Asset – Intangible Asset to Total Debt (excluding derivatives liabilities and net of cash and cash equivalents) | <60% | 46.52% |
| Interest Cover Ratio (recurring items on cash basis) | >1.70 | 3.14 |
| Ratio of secured debt to Total Asset – Intangible Asset | <45% | 16.10% |
| Ratio of Unencumbered Asset to unsecured debt | >1.25 | 2.01 |
By clicking the links below, you will certify to IGD SIIQ SPA that:
In order to comply with applicable legal restrictions, access to these materials is limited to those persons who make the certification described above.
IGD approves the first senior green issuance (71 KB – pdf)
Green Financing Framework (619 KB – pdf)
Second Party Opinion (SPO) (824 KB – pdf)
THESE MATERIALS DO NOT CONTAIN OR CONSTITUTE AN INVITATION TO PARTICIPATE IN THE TENDER OFFER OR AN OFFER OF SECURITIES FOR SALE, OR SOLICITATION OF AN OFFER TO PURCHASE SECURITIES OR ARE NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES (INCLUDING ITS TERRITORIES AND POSSESSIONS, PUERTO RICO, THE U.S. VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA ISLANDS, ANY STATE OF THE UNITED STATES AND THE DISTRICT OF COLUMBIA) OR FOR THE ACCOUNT OR BENEFIT OF ANY U.S. PERSON AS DEFINED IN THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT“) (A “U.S. PERSON“) OR ANY OTHER JURISDICTION WHERE SUCH AN OFFER OR SOLICITATION WOULD REQUIRE THE APPROVAL OF LOCAL AUTHORITIES OR OTHERWISE BE UNLAWFUL (THE “OTHER COUNTRIES“). THE SECURITIES REFERRED TO HEREIN HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE SECURITIES ACT, OR PURSUANT TO THE CORRESPONDING REGULATIONS IN FORCE IN ANY OTHER COUNTRY AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO A U.S. PERSON UNLESS THE SECURITIES ARE REGISTERED UNDER THE SECURITIES ACT, OR AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT IS AVAILABLE. NO PUBLIC OFFERING OF SUCH SECURITIES IS INTENDED TO BE MADE IN THE UNITED STATES OR IN THE OTHER COUNTRIES. PERSONS WHO ARE PHYSICALLY LOCATED IN IN THE UNITED STATES OR IN THE OTHER COUNTRIES MUST INFORM THEMSELVES ABOUT AND OBSERVE ANY SUCH RESTRICTIONS.
11/11/2019
12/11/2019
Minutes of the meeting of the BoD held on 11 November 2019 (193 KB – pdf)
Publication of the Minutes of the Board of Directors of 11 November 2019
20/11/2019
Results of the tender offers on certain outstanding notes
22/11/2019
Determination of the CEO regarding the conditions of the new notes (251 KB – pdf)
28/11/2019
Repurchase and cancellation of certain notes and issue of new ones
08/04/2015
Minutes of the Board of Directors regarding the 2015 new senior bond issue (270 KB – pdf)
Notice of call 2013 Bondholders’ Meeting (98 KB – pdf)
Forms of Voting Certificate or Voting Instruction may be obtained by the entitled Bondholders by contacting The Bank of New York Mellon (the “Tabulation Agent”), by:
Copy of Consent Solicitation Statement is available to bondholders through Euroclear Bank S.A. / N.V. e Clearstream Banking, société anonyme.
16/05/2013
Minutes of the Board of Directors regarding the 2013 issue of a senior bond (221 KB – pdf)
30/04/2013
Minutes of the 2013 bondholders’ meeting (364 KB – pdf)
