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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.

Download the press release (PDF)

PDF 34.00 KB 14 November 2013 CET 17:40
PDF 34.00 KB