Eni, placed two bonds for 2.25 billion US dollars

Eni has successfully re-entered the American market by pricing today two fixed rate bond issues in US dollars with a duration of 10 and 30 years for a total nominal value of 2.25 billion US dollars. The energy group announced this, explaining that “the offer met with high interest from the market, reaching an overall demand of approximately 11 billion US dollars, coming from approximately 180 professional investors for each tranche”. The 10-year bond (maturity May 15, 2034), we read in the note, was placed for an amount of one billion US dollars at a re-offer price of 99.333% and will pay an annual coupon of 5. 50%. The 30-year bond (maturing May 15, 2054) was placed for an amount of US$1.25 billion at a re-offer price of 98.828% and will pay an annual coupon of 5.95%. The proceeds from the issues are expected to be used to finance Eni’s ordinary financial needs, the note concludes.