Eni announced having placed entirely the nominal amount of 2 billion of Euro for its sustainability linked bond launched on 12 January.
The denominated loan “Eni sustainability-linked bonds 2023/2028” it was entirely placed with the retail public.
Il bond, with an initial value of 1 billion, saw the total nominal value of the bonds increase a 2 billion euros given the amount of requests.
A great success for Eni which has returned to addressing the retail public after aabsence of 12 years.
Early closing of the offer
Following the full placement of the bond, the heads of the Placement Consortium, Intesa Sanpaolo and UniCredit Bank AG, in agreement with Eni, availed themselves of the early closing of the offer on 20 January 2023 at 17pm both for on-site subscriptions and for off-premise subscriptions through financial advisors qualified for door-to-door offers and for subscriptions using remote communication techniques.
Meanwhile, new judgments are arriving from JP Morgan and Credit Suisse
JP Morgan and Credit Suisse have announced new recommendations on Eni stock.
JP Morgan downgraded its rating from overweight to neutral, with a target price of €18, while Credit Suisse started hedging with an outperform rating and a target price of €20.
