(Finance) – The Board of Directors of Italian FS today approved the issue of new EMTN bonds and the use of other funding instruments for a total maximum amount of 3.1 billion euros, to cover the medium and long-term needs of the Group.
It was also approved the extension of the ceiling of the EMTN Programme up to 12 billion Euros, from the current 9 billion Euros.
The issues, under the EMTN Program listed on the Dublin Stock Exchange, will be reserved for Institutional Investors.
As part of the new EMTN bond issues, FS Italiane is also planning new green operations aimed at financing the investments of the subsidiaries.
The implementation of a Commercial Paper Program for a maximum amount of 2 billion Euros was also approved.