Euro-denominated sustainability-linked bond

Eni has successfully launched the first sustainability-linked bond in its sector, for a nominal amount of Euro 1 billion. The transaction was placed in the international Eurobond market, under its existing Euro Medium Term Note Programme.

Today’s issuance follows the adoption by Eni of the “Sustainability-Linked Financing Framework” published on May 20, 2021 and represents the world’s first sustainability-linked bond in the sector.

The 7 year bond has a re-offer price of 99.855% and pays an annual coupon of 0.375% which will remain unchanged to maturity subject to achievement of sustainability targets related to Net Carbon Footprint Upstream (Scope 1 and 2) and renewable energy installed capacity, as detailed in the relevant terms and conditions.

The proceeds of the bond issue will be used for general corporate purposes.

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