Finance, strategy and reporting

Eni: success of the new fixed rate bond and of the tap of the bond launched in September

14 November 2013 - 5:40 PM CET

San Donato Milanese (Milan), 14 November 2013 - Eni successfully launched today a fixed rate bond benchmark issue and a tap of its 12 year bond issued last September, for a total notional amount of Euro 1,100  million. Both transactions were placed in the international Eurobond market.

The benchmark bond amounts to Euro 800 million, has a 8 year maturity, pays a fixed annual coupon of 2.625%  and the re-offer price is 99.957%. The tap of the 12 years existing bond issued last September has an incremental amount of Euro 300 million, pays a fixed annual coupon of 3.75% and the re-offer price is 103.779%. Therefore, the total amount outstanding of September 2025 bond increases from Euro 900 million to Euro 1,200 million.

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 and United Kingdom.

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PDF 34.00 KB 14 November 2013 CET 17:40
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