ENI Successfully Launched Two Fixed Rate Bonds

Source Press Release
Company ENI 
Tags Strategy - Corporate
Date May 11, 2020

Eni successfully launched today two fixed rate bond issues for a total nominal amount of Euro 2 billion, with 6 and 11 years maturity. The bonds were placed in the international Eurobond market, under its existing Euro Medium Term Note Programme.

The 6 year bond amounts to Euro 1 billion and pays a fixed annual coupon of 1.250%. The re-offer price is 99.308%. The 11 year bond amounts to Euro 1 billion and pays a fixed annual coupon of 2.000%. The re-offer price is 99.941%. The proceeds of the bonds issue will be used  for general corporate purposes.

The bonds will be traded on the Luxembourg Stock Exchange. The bonds were bought by institutional investors mainly in France, Germany, United Kingdom and Italy.

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