Enel locations 2 billion greenback bonds | EUROtoday

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Enel Finance International, a monetary firm managed by Enel, has launched a multi-tranche “Sustainability-Linked Bond” geared toward institutional buyers within the US and worldwide markets for a complete quantity of two billion {dollars}, equal to roughly 1.9 billion euros . The problem, assured by Enel, acquired oversubscriptions roughly 3 instances, totaling complete orders for an quantity of roughly 5.6 billion {dollars}.

«The end result of the position – commented Stefano De Angelis, CFO of the Enel group – each by way of demand and of the problem price obtained demonstrates as soon as once more the buyers' confidence in our monetary and environmental sustainability technique in addition to within the sustainability-linked bond, an necessary device to help the achievement of Enel's strategic aims, which goal to cut back greenhouse gasoline emissions alongside the complete worth chain, with the confirmed ambition of reaching zero emissions by 2040. We will proceed with dedication on our long-term worth creation journey interval and vitality transition, by means of investments in networks, renewable vitality and finish prospects”.

The proceeds from the issue are expected to be used to finance the group's routine needs, including the refinancing of maturing debt.


The issue is linked, explains a note, to the achievement of Enel's sustainability objective relating to reduction of the intensity of Ghg Scope 1 emissions related to electricity production, contributing to the United Nations' sustainable development goal 13 (fight against climate change) and is in line with the group's sustainability-linked financing framework, most recently updated last January, confirming Enel's commitment to financial and environmental sustainability.

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The problem is structured in two tranches, linked to the Key efficiency indicator of the depth of Ghg Scope 1 emissions referring to the manufacturing of electrical energy at group stage, measured in grams of CO2eq per kWh. In explicit, it’s a first tranche of 1,250 million {dollars} at a hard and fast rate of interest of 5.125%, with a settlement date set at 26 June 2024 and expiring on 26 June 2029.