Eni Successfully Launches Fixed Rate Bond

Eni successfully launched today a fixed rate bond issue for a notional amount of Euro 1.5 billion. The transaction was placed in the international Eurobond market. The bond has a 7 year maturity and pays a fixed annual coupon of 5.00%. The reoffer price is 99.337%.

Eni's credit rating is Aa2 for Moody's and AA- for Standard&Poor's. The new bond will be listed on the Luxembourg Stock Exchange.
The transaction has been extremely successful both in Italy and abroad, in a market characterized by high volatility.

Interest by a significant number of high quality institutional investors such as Fund Management firms and Insurances was mainly due to Eni's credit profile and its excellent reputation.

The notes were bought by institutional investors mainly in Italy, France, Germany, Spain, UK and Netherlands.

Banco Bilbao Vizcaya Argentaria S.A., HSBC Bank Plc, Société Générale Corporate & Investment Banking and UniCredit (HVB) had the role of Joint Lead Managers and Joint Bookrunners for the transaction.


Our Privacy Pledge

Most Popular Articles

Brent Crude Oil : $49.98/BBL 1.59%
Light Crude Oil : $49.18/BBL 1.56%
Natural Gas : $2.73/MMBtu 1.44%
Updated in last 24 hours