The bond has a 5 year maturity (20 January 2014) and pays a fixed annual coupon of 5.875%.The reoffer price is 99.710%.
San Donato Milanese (Milan), 18 November 2008 – Eni successfully launched today a fixed rate bond issue for a notional amount of Euro 1.25 billion. The transaction was placed in the international Eurobond market. The bond has a 5 year maturity (20 January 2014) and pays a fixed annual coupon of 5.875%.The reoffer price is 99.710%.
Eni’s credit rating is Aa2 for Moody’s and AA- for Standard&Poor’s. The new bond will be listed on the Luxembourg Stock Exchange.
The transaction has been extremely successful both in Italy and abroad, in a market is characterized by high volatility.
Interest by a significant number of high quality institutional investors such as Fund Management firms and Insurances was mainly due to Eni’s credit profile and its excellent reputation.
The notes were bought by institutional investors in Italy, France, Germany, UK, Spain and Holland.
Banca IMI, BNP Paribas, Deutsche Bank and JP Morgan had the role of Joint Lead Managers and Joint Bookrunners for the transaction.
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