Home » ENI, the characteristics of the two bonds maturing in 2027 and 2033

ENI, the characteristics of the two bonds maturing in 2027 and 2033

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ENI, the characteristics of the two bonds maturing in 2027 and 2033

ENI launched two bond issues of total nominal value of 2 billion euros as part of its Euro Medium Term Note programme. The two issues were placed on the Eurobond market e they received total orders for around 5 billion euros by institutional investors mainly from Germany, the United Kingdom, France and Italy.

In detail, the bond loan with a duration of 4 years (maturity 19 May 2027) was placed for an amount of 750 million euro, at a re-offer price of 99.982%. The loan has been structured in a sustainability-linked format and will pay an annual coupon of 3.625% which will remain unchanged until maturity, against the achievement of the targets as at 31 December 2025 of the Net Carbon Footprint Upstream and installed capacity for the production of electricity from renewable sources equal to or greater than 5 GW. In the event of failure to achieve one of the two objectives, the interest rate relating to the coupon payable on the maturity date will be increased by 0.5%, in line with the terms and conditions of the issue.

Il 10-year bond loan (maturity 19 May 2033) was placed for an amount of 1.25 billion euro, a re-offer price of 99.505% and will pay an annual coupon of 4.25% which will remain unchanged until maturity.

The proceeds of the issue will be used for ENI’s ordinary needs.

This text is written for informational purposes only, can be modified at any time and can NOT be considered a solicitation of public savings. The website does not guarantee the correctness and does not assume responsibility for the use of the information contained therein.

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