BAKU, Azerbaijan, May 12. Italian energy
company Eni has successfully returned to the U.S. capital market,
launching two fixed-rate U.S. dollar bond issues with maturities of
10 and 30 years, raising a total of $3 billion, Trend reports with
reference to the company.
The offering attracted strong investor demand, reaching
approximately $15 billion in total orders, with participation from
around 240 institutional investors for each tranche, according to
the company.
The 10-year bond, maturing on May 18, 2036, was issued in the
amount of $1.5 billion at a re-offer price of 99.172%, carrying an
annual coupon of 5.250%.
The 30-year bond, maturing on May 18, 2056, was also placed at
$1.5 billion, with a re-offer price of 98.105% and an annual coupon
of 6.000%.
Eni said the proceeds from the issuance will be used to support
its general financing requirements.
