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Stock market, Enel flies on bond demand

According to press rumors, yesterday on the second day of the offer, requests for the new bonds issued by the energy company would have reached 1,5 billion euros: the exact figure that Enel intended to place on the market.

Stock market, Enel flies on bond demand

A day with strong increases for Enel in Piazza Affari, where the stock of the energy company was held at the end of the morning gains 3,73%, with shares trading at 3,23 euros. The performance is linked to press rumors according to which yesterday - on the second day of the offer - the question di bonds issued by the company he would have reached share of 1,5 billion euros.

Enel's project was to place exactly this amount of bonds on the market, but the threshold could rise up to 3 billion. Barring an early closure due to the demand being reached, the offer deadline is set for February 24th. The transaction was approved by Enel's Board of Directors on November 9, 2011.

The bonds, at fixed and variable rates, are reserved for the public in Italy and their duration is 6 years (maturity 2018). The proceeds of the offer will be used for general operational purposes of the Group, including any debt refinancing.

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