(Tiper Stock Exchange) – Eni announces the launch of the offer starting from 16 January 2023 of the first bonds destined for the public in Italy linked to its sustainability objectives (Eni Sustainability-linked Bonds 2023/2028). The Bonds will have a duration of 5 years for a total value of 1 billion euros. This amount could be increased up to 2 billion euros in case of excess demand.
Today Consob approved the prospectus relating to the public offer for subscription and admission to listing on the MOT of the Eni Sustainability-linked Bonds 2023/2028.
The Bonds, which will be entered into the centralized management system at Euronext Securities Milan (Monte Titoli) in dematerialized form, have been admitted by Borsa Italiana to listing on the MOT, where the investor will be able, after the issue, to trade his Bonds.
The minimum lot that can be subscribed is 2,000 Euros (equal to 2 Bonds), with possible increases of at least 1 Bond, for a nominal value of 1,000 Euros each. Fixed rate not less than 4.3%no charges or subscription fees.
The transaction was approved by Eni’s Board of Directors on 27 October 2022 and the Bonds pursue the objective of financing any future needs, maintaining a balanced financial structure and further diversifying financial sources.
As part of the Offer, Moody’s, S&P and Fitch were asked to assign ratings in relation to the Bonds.
Claudio Descalzi, Chief Executive Officer of Enicommented: “Eni is today an extremely robust company from a financial and industrial point of view, with a growth model aimed at making the most of the businesses linked to the energy transition and the traditional ones that fuel its success, which are also subject to the progressive reduction of emissions and which continue to guarantee the security of supplies. With this awareness we want to offer the Italian public a solid savings toolwhich can make him part of our journey towards a completely decarbonised, technologically advanced and diversified energy, and of the further consolidation of our decisive ability to guarantee energy security for the country”.