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Salerno Pompei Napoli S.p.A (SPN), the special purpose vehicle controlled by SIS Consortium S.c.p.a. (comprising Sacyr with a 49% stake and Fininc with a 51% stake), has issued a EUR518 million project bond to finance the takeover of the concession for the operation of the A3 (Naples-Pompei-Salerno) toll road in Italy. The senior secured amortizing notes are fixed rated securities, which matures in 2045, and have been rated “BBB” by Fitch Ratings.

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