hkskyline
May 7th, 2005, 03:38 AM
Italy's ISPA In EUR2.0B Loan To Fund High-Speed Railway
6 May 2005
ROME (Dow Jones)--Italian state agency Infrastrutture SpA, which finances the country's high-speed train project, said Friday it had mandated a group of banks to arrange a EUR2.0 billion loan.
The loan will have a two-year maturity with an option to extend it an extra year, Infrastrutture, or ISPA, said in a statement. It's part of a EUR25 billion high-speed railway debt plan which includes loans and bonds.
The EUR2.0 billion loan will be used to fund the high-speed railway section connecting Naples in the south of Italy to Milan and Turin in the north.
ISPA was created by Prime Minister Silvio Berlusconi's government in 2002 to finance big infrastructure projects. With the latest loan announced Friday, some EUR10 billion has been raised by Infrastrutture to finance Italy's high speed railway.
Joint bookrunners for the loan are Societe Generale (13080.FR) and Royal Bank of Scotland Group (RBS.LN), ISPA said.
6 May 2005
ROME (Dow Jones)--Italian state agency Infrastrutture SpA, which finances the country's high-speed train project, said Friday it had mandated a group of banks to arrange a EUR2.0 billion loan.
The loan will have a two-year maturity with an option to extend it an extra year, Infrastrutture, or ISPA, said in a statement. It's part of a EUR25 billion high-speed railway debt plan which includes loans and bonds.
The EUR2.0 billion loan will be used to fund the high-speed railway section connecting Naples in the south of Italy to Milan and Turin in the north.
ISPA was created by Prime Minister Silvio Berlusconi's government in 2002 to finance big infrastructure projects. With the latest loan announced Friday, some EUR10 billion has been raised by Infrastrutture to finance Italy's high speed railway.
Joint bookrunners for the loan are Societe Generale (13080.FR) and Royal Bank of Scotland Group (RBS.LN), ISPA said.