Eni has mandated Barclays, BNP Paribas, Crédit Agricole CIB, JP Morgan, Mediobanca and UniCredit to organize the placement of new fixed rate bond issues with a duration of 6 years and 11 years, as part of its Euro Medium Term Note in place.
The issues take place in accordance with the resolution of Eni's Board of Directors on April 23, 2020 and are aimed at maintaining a balanced financial structure in relation to the relationship between short and medium-long term debt and the average life of Eni's debt.
The bond loans, 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 A- (negative outlook) for Standard & Poor's, Baa1 (stable outlook) for Moody's and A- (stable outlook) for Fitch.