Minimum lot size
The minimum lot size will be 2 variable-rate bonds (EnelTV2010/2016) with a par
value of 1,000 Euro each. The counter value of the minimum lot, at par value,
is 2,000 Euro. To subscribe to the offering, investors must apply for at least
one minimum lot or any number of bonds above 2.
Maturity
The bond has a 6 year maturity expiring March 2016.
Coupon
Interests will be paid to subscribers on a half-yearly basis in arrears.
Yield
For the entire duration of the loan, the yield will be indexed at the 6-month
Euribor rate, increased by a yield margin. The entire sum will be calculated on
the actual number of days in the interest period in accordance with the
criteria set out in the Prospectus. The yield margin will be published in
English in the Financial Times within 5 working days from the conclusion of the
offering period.
Capital refund
Capital will be fully refunded at the end of the bond period.
Sale of bonds
Bonds may be bought or sold at any time after their issue, at market rates.
Enel bonds will traded on the MOT and their performace may be tracked on a
daily basis in all of the main daily newspapers as well as on the Internet.
Single bonds with a par value of 1,000 Euro each may also be traded on the
market.
Charges and fees
Subscription to the bond offering is free of bank charges or subscription
fees.
Taxation
Bond yields are intended gross of applicable tax at the time of payment of the
coupon.
