On 12th March 2026, the Board of Directors of Italian state railway FSI approved the issue of new medium- to long-term bonds and the use of other financing instruments totalling up to EUR 5.8 billion for 2026. The bond issues will be carried out under the EMTN programme listed on Euronext Dublin, with a total volume of EUR 12 billion, and are aimed at institutional investors. In addition, FSI is planning new ESG transactions, primarily to finance fleet renewal, the maintenance of passenger and freight trains, and high-speed rail (HSR) infrastructure. Furthermore, the Board of Directors resolved to increase the sustainability-linked revolving credit facility from the current EUR 3.5 billion to up to EUR 4.5 billion. The EUR Commercial Paper programme, which expires in October 2026, will be extended by three years.
