Eni: hybrid bond buyback

(CercleFinance.com) - Eni announces the results of its voluntary offer, launched on 14 January 2025 until 21 January 2025, to repurchase, in cash and partially or fully cancel, its E1.
5bn perpetual hybrid bond, with first maturity in October 2025 and an annual coupon of 2.625%.

Eni has agreed to repurchase E1.215bn, or around 83% of the nominal amount.

Settlement of the transaction is scheduled for 24 January 2025, after which the bond's remaining nominal amount will be E248.6m.


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