Board of Directors approves hybrid bond issue

Source Press Release
Company ENI 
Tags Strategy - Corporate
Date October 01, 2020

Eni's Board of Directors today approved the possible issue of one or more hybrid subordinated bonds, to be placed with institutional investors, with a value up to a maximum aggregate amount of 5 billion euro, or its equivalent in other currencies, to be issued in one or more tranches by 30 June 2022.

The bonds will enable Eni to pre-fund the future financial needs and to maintain a well- balanced financial structure. The bonds are intended to be listed on one or more regulated markets.

Source: EvaluateEnergy® ©2021 EvaluateEnergy Ltd