Enel: issues $2 billion bond

(CercleFinance.com) - Enel Finance International, under the control of Enel S.
p.A., has issued a US$2 billion (approx. €1.9 billion) sustainability bond for institutional investors. The bond, guaranteed by Enel, was oversubscribed, with orders reaching $5.6 billion.

Enel's CFO, Stefano De Angelis, stressed that this success reflects investor confidence in the company's financial and environmental sustainability strategy. The funds raised will be used to finance the group's ongoing needs, including the refinancing of debt.

The bond is linked to the reduction of Scope 1 greenhouse gas emissions from electricity generation, in line with the UN's Sustainable Development Goals and Enel's Sustainable Finance Framework, updated in January 2024.

The issue comprises two tranches, the first of which is for $1.25 billion at a fixed rate of 5.125%, with a maturity date of June 26, 2029 and an effective yield of 5.384%.

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