The € 1.04bn refinancing of Tangenziale Esterna S.p.A in Italy for the ASTM Group reached financial closure

Awards & Rankings

On April 23rd 2025, Crédit Agricole CIB celebrated another great client achievement with the financial close of the 1.04bn Euro refinancing of the existing financial indebtedness of Tangenziale Esterna S.p.A, the ASTM Group company in charge for the 50-years Public-Private Partnership concession in relation to A58 - Tangenziale Esterna Est di Milano, a new generation motorway located in the Lombardy Region in Italy. 

In this milestone deal, Crédit Agricole CIB acted as Mandated Lead Arranger, Bookrunner, Lender and Hedging Bank, alongside a pool of domestic and international banks.

This milestone deal is not only supported by the strong sponsorship of the ASTM Group, the second largest toll road operator in the world, but also reflects the Bank’s regional strategy, as a sizable transaction in relation to a strategic regional infrastructure.

This transaction is another testimony to Crédit Agricole CIB’s continued commitment to supporting clients, and further strengthening its leading presence in the Italian infrastructure market. 

Quote

Congratulations to ASTM for this successful closing and we are extremely proud for having supported them through this process. This marks a pivotal milestone in our collaboration with the Group and reaffirms our positioning as a key trusted banking partner.

Jamie Mabilat

Senior Country Officer for Italy

Quote

The successful closing of this strategic Italian motorway transaction confirms our commitment and leadership in the Italian infrastructure market, partnering up with leading global players like ASTM and accompanying them along their journey with tailored solutions for their growth ambitions.

Matthew Norman

Global Head of Infrastructure & Advisory

Awards & Rankings
#Europe#Italy
  • Awards & Rankings
    Article22/09/2026

    Crédit Agricole CIB is honoured as Best House, Asian Equities by SRP

  • Awards & Rankings
    Article22/09/2026

    Crédit Agricole CIB is awarded FX House of the Year Hong Kong by FX Markets

  • Awards & Rankings
    Article15/09/2026

    Crédit Agricole Group's Cash Management on the rise: record gains in the Euromoney Survey 2026

Find all our news