(Alliance News) - Eni Spa announced Monday that it has successfully launched a EUR1 billion bond issue, part of its Euro Medium Term Note program.

Demand was for EUR5 billion, with orders coming from institutional investors mainly from the UK, Germany, Italy and France.

The bond - the proceeds of which will be used for the soceity's ordinary fabibsogni - has a 10-year term, maturing on January 15, 2034, a re-offer price of 99.3% and will pay an annual coupon of 3.875%, which will remain unchanged until maturity.

Eni's stock is down 2.8 percent at EUR15.11 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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