Fixed Rate Bond Offering

Source Press Release
Company ENI S.p.A. 
Tags Strategy - Corporate
Date September 05, 2018

 Eni has mandated BNP Paribas, BofA Merrill Lynch, Citigroup,  Goldman Sachs & Co. LLC, J.P. Morgan, Morgan Stanley and Wells Fargo as Joint Bookrunners for its upcoming issuance of US dollar fixed rate bonds, expected to be issued in two tranches of 5 years and 10 years.

The bonds are to be issued in accordance with the resolution adopted by Eni's Board of Directors on 5 April 2018 and are aimed at maintaining a well-balanced capital structure in terms of Eni's short and medium-long term debt and average debt maturity.

The launch of the transaction is subject to market conditions and the offering is restricted to institutional investors only.

Eni is rated A3 (outlook rating under review) by Moody's and A- (outlook stable) by Standard & Poor's.

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