13 May Eni successfully placed new USD fixed rate bonds
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(Oilandgaspress) -– Eni successfully returned to the U.S. market and has today successfully launched two USD fixed rate bonds, with a maturity of 10 and 30 years, for a total nominal amount of USD 3 billion.
Eni’s offering generated significant interest from the market, reaching a demand of around USD 15 billion, from about 240 institutional investors for each tranche.
The 10-year bond (maturity May 18, 2036) was placed for an amount of USD 1.5 billion, at a re-offer price of 99.172% and will pay an annual coupon of 5.250%.
The 30-year bond (maturity May 18, 2056) was placed for an amount of USD 1.5 billion, at a re-offer price of 98.105% and will pay an annual coupon of 6.000%.
The proceeds of the issuances are expected to be used to fund Eni’s ordinary financing needs
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