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Italys Eni launches fixed rate bond

October 09/ 09:21

Rome. Italy’s Eni has successfully launched a fixed rate bond issue for a nominal amount of Euro 750 million, Trend reports citing the company.

The transaction was placed in the international Eurobond market, under its existing Euro Medium Term Note Programme. The bond is due on 11 October 2034 and pays a fixed annual coupon of 1 percent.

The re-offer price is 99.392 percent. The proceeds of the bond issue will be used for general corporate purposes.

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

Eni is an Italian company with a worldwide presence. It is one of the global oil and gas super-players – operating in 71 countries worldwide and employing around 33,000 people.

 

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