Eni: Board of Directors Approves Bond Issue

Source Press Release
Company ENI S.p.A. 
Tags Strategy - Corporate
Date February 28, 2017

Eni's Board of Directors today approved the possible issue of one or more bonds, to be placed with institutional investors, with a value up to a maximum aggregate amount of 2 billion euro, or its equivalent in other currencies, to be issued in one or more tranches by 31 December 2018.

The bonds will enable Eni to pre-fund the future financial needs and to maintain a well-balanced financial structure in terms of short term and medium/long-term debt and average duration of the debt. The bonds may be listed on one or more regulated markets.

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