Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Italy
  4. Borsa Italiana
  5. Eni S.p.A.
  6. News
  7. Summary
    ENI   IT0003132476

ENI S.P.A.

(ENI)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Eni S p A : successfully placed two Euro-denominated hybrid bonds

05/04/2021 | 12:05pm EDT

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION DIRECTLY OR INDIRECTLY IN OR INTO THE UNITED STATES OF AMERICA (OR FOR THE ACCOUNT OR BENEFIT OF, U.S. PERSONS (AS DEFINED IN REGULATION S UNDER THE U.S. SECURITIES ACT OF 1933)), CANADA, AUSTRALIA, JAPAN, SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD BE UNLAWFUL

Eni successfully placed two Euro-denominated hybrid bonds

San Donato Milanese (Milan), 4 May 2021 - Eni S.p.A. ("Eni" or the "Company") has successfully launched today two Euro-denominated perpetual subordinated hybrid bond issues for an aggregate nominal amount of Euro 2 billion (the "Hybrid Bond Transaction"). The hybrid bonds, bought by institutional investors, were placed in the international Eurobond market, with total orders of more than Euro 7 billion, mainly in United Kingdom, France, Germany and Italy.

The key characteristics of the two bonds are:

  • Euro 1 billion perpetual 6-year subordinated non-call hybrid notes issue (the "6-YearNon-Call Hybrid Notes") with a re-offer price of 100% and an annual fixed coupon of 2.000% until the first reset date of May 11th, 2027. As from such date, unless it has been redeemed in whole on or before the first reset date, which is the last day for the first optional redemption, the 6-YearNon-Call Hybrid Notes will bear interest per annum determined according to the relevant 5-year Euro Mid Swap rate plus an initial spread of 220.4 basis points, increased by an additional 25 basis points as from May 11th, 2032 and a subsequent increase of additional 75 basis points as from May 11th, 2047.
  • Euro 1 billion perpetual 9-year subordinated non-call hybrid notes issue (the "9-YearNon-Call Hybrid Notes") with a re-offer price of 99.607% and an annual fixed coupon of 2.750%1 until the first reset date of May 11th, 2030. As from such date, unless it has been redeemed in whole on or before the first reset date, which is the last day for the first optional redemption, the 9-YearNon-Call Hybrid Notes will bear interest per annum

1 Corresponding to an annual yield of 2.800%.

1

determined according to the relevant 5-year Euro Mid Swap rate plus an initial spread of

277.1 basis points, increased by additional 25 basis points as from May 11th, 2035 and a subsequent increase of additional 75 basis points as from May 11th, 2050.

The scheduled settlement date for the hybrid bonds is May 11th, 2021. The hybrid bonds are governed by English law and will be traded on the regulated market of the Luxembourg Stock Exchange.

CompanyContacts:

Press Office: Tel. +39.0252031875 - +39.0659822030

Freephone for shareholders (from Italy): 800940924

Freephone for shareholders (from abroad): + 80011223456

Switchboard: +39-0659821

ufficio.stampa@eni.com

segreteriasocietaria.azionisti@eni.com

investor.relations@eni.com

Web site: www.eni.com

The information contained in this announcement is for background purposes only and does not purport to be full or complete. No reliance may be placed for any purpose on the information contained in this announcement or its accuracy or completeness. The information in this announcement is subject to change.

This announcement is not for distribution, directly or indirectly, in or into the United States (including its territories and possessions, any State of the United States and the District of Columbia) or for the account or benefit of any U.S. Person as that term is defined in the Securities Act as defined below (a "U.S. Person"), Australia, Canada, Japan or South Africa or any other jurisdiction where such an offer or solicitation would require the approval of local authorities or otherwise be unlawful (the "Other Countries"). This announcement is not an offer or solicitation to purchase or subscribe for securities in the United States, Australia, Canada, Japan, South Africa or in the Other Countries. The securities have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), or pursuant to the corresponding regulations in force in Australia, Canada, Japan, South Africa or the Other Countries and may not be offered or sold in the United States or to a U.S. Person absent registration with the United States Securities and Exchange Commission or an exemption from registration under the Securities Act. Eni does not intend to register any part of the securities in the United States or to conduct a public offering of securities in the United States, Australia, Canada, Japan or in the Other Countries.

In any Member State of the European Economic Area ("EEA") and the United Kingdom ("UK"), this announcement is only directed at and may only be communicated to persons who are "qualified investors" ("Qualified Investors") within the meaning of Article 2(e) of Regulation (EU) 2017/1129 or Regulation (EU) 2017/1129 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("EUWA").

This announcement is directed only at Qualified Investors (i) who are persons falling within Article 49(2)(a) to (d) ("high net worth companies, unincorporated associations etc.") of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") or (ii) who have professional experience in matters relating to investments falling within Article 19(5) of the Order or (iii) to whom it may otherwise lawfully be communicated (all such persons together being referred to as "relevant persons").

2

Any investment or investment activity to which this communication relates is only available to relevant persons and will be engaged in only with relevant persons, or in the EEA, with Qualified Investors. Any person who is not a relevant person, a Qualified Investor or otherwise permitted under applicable law or regulation to access this announcement, should not act or rely on this announcement.

MiFID II professionals/ECPs-only / No PRIIPs KID - Manufacturer target market (MIFID II product governance) is eligible counterparties and professional clients only (all distribution channels). No PRIIPs key information document (KID) pursuant to Regulation (EU) 1286/2014 (the "PRIIPs Regulation") has been prepared as the offer is not addressed to retail investors in the EEA.

UK MiFIR professionals/ECPs-only / No UK PRIIPs KID - UK Manufacturer target market (UK MiFIR product governance) is eligible counterparties and professional clients only (all distribution channels). No UK PRIIPs key information document (KID) pursuant to the PRIIPs Regulation as it forms part of UK domestic law by virtue of the EUWA has been prepared as the offer is not addressed to retail investors in the UK.

3

Disclaimer

Eni S.p.A. published this content on 04 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 May 2021 16:04:05 UTC.


© Publicnow 2021
All news about ENI S.P.A.
06:07aENI S P A  : NNPC, Agip Lose 400,000 Barrels of Oil to Covid-19 Pandemic
AQ
02:00aItaly's Edison readies stake sale in green production unit - sources
RE
05/06EQUINOR  : Vargronn to Collaborate on Norwegian Offshore Wind Project
MT
05/06EQUINOR  : Joins Eni's Norwegian Joint Venture to Seek Approval For Offshore Win..
MT
05/06Eni, Equinor Partner to Develop Offshore Wind Project in Norway
DJ
05/05Norwegian oil companies, labour unions agree wage deal
RE
05/04ENI S P A  : Issues $2.40 Billion Euro-Denominated Hybrid Bonds
MT
05/04ENI S P A  : successfully placed two Euro-denominated hybrid bonds
PU
05/04ENI S P A  : Italian Prosecutors Urge Court to Initiate Trial Against Sapiem for..
MT
05/04WALL STREET STOCK EXCHANGE : The improving picture is fueling sector rotation
More news
Financials
Sales 2021 61 091 M 74 227 M 74 227 M
Net income 2021 2 652 M 3 222 M 3 222 M
Net Debt 2021 17 337 M 21 064 M 21 064 M
P/E ratio 2021 14,0x
Yield 2021 6,89%
Capitalization 37 183 M 45 218 M 45 179 M
EV / Sales 2021 0,89x
EV / Sales 2022 0,83x
Nbr of Employees 31 495
Free-Float 67,0%
Chart ENI S.P.A.
Duration : Period :
Eni S.p.A. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends ENI S.P.A.
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 27
Average target price 11,42 €
Last Close Price 10,41 €
Spread / Highest target 34,5%
Spread / Average Target 9,76%
Spread / Lowest Target -22,6%
EPS Revisions
Managers and Directors
NameTitle
Claudio Descalzi Chief Executive Officer, Director & GM
Francesco Gattei Chief Financial Officer
Lucia Calvosa Chairman
Francesca Zarri Director-Technology, Research & Development
Luca Franceschini Secretary & Director-Integrated Compliance
Sector and Competitors
1st jan.Capitalization (M$)
ENI S.P.A.21.76%45 218
SAUDI ARABIAN OIL COMPANY1.86%1 908 011
ROYAL DUTCH SHELL PLC13.93%153 825
TOTAL SE11.44%125 807
PETROCHINA COMPANY LIMITED28.33%124 329
GAZPROM13.55%77 328