(Finance) – Enel Finance International NV (“EFI”), financial company controlled by Enellaunched a “Sustainability-Linked Bond” on the Eurobond market in three tranches aimed at institutional investors for a total of 2 billion euros.
The issue, guaranteed by Enel, explains a note, received requests for subscription in redundancies more than 2 timestotally by orders for an amount equal to approximately 5 billion euros and a significant participation of investors and ESG portfolios, which is structural in all Enel’s recent emissions.
There positive response of investors It also allowed the achievement of an average cost less than current market levels and an average coupon of less than 3%.
The financial resources of this issue will be used will be used To finance the ordinary financial needs of the group.
Stefano De Angelis, CFO of the Enel Groupcommented: “The outcome of the placement is in terms of demand and economic conditions proves once again trust of investors in our growth strategy and value creationguaranteeing both financial and environmental sustainability in the long term. Through the execution of the strategic plan, the group has already achieved a decisive strengthening of the capital structure and the improvement of income indicators, together with an important acceleration in the decarbonisation and electrification process of its business. We will continue with commitment this path of growth Confirming our support for the energy transition, through investments in networks, renewable energy and services to end customers, up to the shoreness of greenhouse gas emissions along the entire value chain by 2040 “.