Eni has mandated Banca Imi (Intesa Sanpaolo Group), Ca Cib, Deutsche Bank, JP Morgan and UniCredit Bank to organize the placement of a bond issue maturing on March 14, 2025 at a fixed rate as part of its Euro Medium program Term Notes outstanding.
The issue takes place in execution of the resolution passed by Eni's board of directors on February 28, 2017 as part of the Euro Medium Term Note program and is aimed, communicates the company, "at maintaining a balanced financial structure in relation to the ratio between debt short and medium-long term and to the average life of Eni's debt”. The loan, intended for institutional investors, will be placed compatibly with market conditions and subsequently listed on the Luxembourg stock exchange.
Eni's long-term debt rating is Baa1 (outlook stable) by Moody's and BBB+ (outlook stable) by Standard & Poor's.
