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Eni successfully launches fixed rate bond

  • SOURCE: | Editor
  • Eni_logo_62Eni successfully launched a dual tranche fixed rate bonds issue at 6 and 12 years for a total notional amount of Euro 1.5 billion on Tuesday May 10.


    Both transactions were placed in the international Eurobond market.

    The 6-year bond amounts to Euro 700 million and pays a fixed annual coupon of 0.750%.

    The re-offer price is 99.644%. The 12-year bond amounts to Euro 800 million and pays a fixed annual coupon of 1.625%. The re-offer price is 98.732%.

    The proceeds of the bonds issue have a general purposes use. The bonds will be listed on the Luxembourg Stock Exchange. The notes were bought by institutional investors mainly in France, Germany, Italy, Spain, Netherlands and United Kingdom.

    Source: http://classfmonline.com/1.9103690

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