San Donato Milanese (Milan), 5 September 2018 – Eni successfully returned to the US market and priced today a dual tranche fixed rate bond issue with maturities of 5 and 10 years for a total principal amount of USD 2 billion.
The 5 year bond has a principal amount of USD 1 billion, pays a fixed annual coupon of 4.000% and its re-offer price is 99.463%. The 10 year bond has a principal amount of USD 1 billion, pays a fixed annual coupon of 4.750% and its re-offer price is 99.199%.
The proceeds of the bond will be used for Eni’s general corporate purposes.
Eni’s offering generated significant interest from the market, reaching a demand of around USD 10 billion. In particular, a significant number of institutional investors participated in the offering, including fund management firms, insurance companies and pension funds; this strong interest enabled Eni to significantly reduce the pricing offered compared to the opening terms. With this transaction, Eni has continued to rebalance the currency composition of its bond portfolio.
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"), this announcement is only directed at and may only be communicated to persons who are "qualified investors" within the meaning of Article 2(1)(e) of EU Directive 2003/71/EC (the "Prospectus Directive"), as modified by EU Directive 2010/73/EU, in each case as implemented in the relevant jurisdiction ("Qualified Investors").
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