Eni: dollar bond issue successfully placed
The Italian energy group points out that the two-tranche issue attracted strong interest from the financial community, with total demand expressed at $11 billion, with each tranche subscribed by a base of 180 institutional investors.
The first $1 billion tranche has a ten-year maturity in May 2034, with an annual coupon of 5.50%.
The second $1.25 billion tranche expires in 30 years (2054), with a coupon of 5.95%.
In a press release, Eni states that it plans to use the proceeds of these two bonds for its ordinary financing needs.
The share price was down 0.1% on Thursday morning following this announcement.
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