Rome, 6 May 2004 - ENEL SpA (S&P rating A+, Moodys A1) today launched a fixed rate bond issue worth a total 1.5 billion euro, as decided by the Board of Directors on January 27, 2004. The deal is part of the companys Medium Term Note programme.
The issue was in two equal tranches; one a 7-year maturity, the other 20-year. The 7-year bond, issued at 99.553, offers an annual coupon of 4.125%, a spread of 25 basis points over the 7-year swap rate. The 20-year bond, issued at 98.586, offers an annual coupon of 5.25%, a spread of 48 basis points over the 20-year swap rate.
Organized and managed by ABN Amro, Banca Imi, Barclays Capital, BNP Paribas and Mediobanca, the issue, reserved for institutional investors, was more than twice oversubscribed, with foreign investors accounting for almost two-thirds of the placement.
Including todays issue, the number of publicly placed Enel bonds in circulation rises to nine, amounting to a total value of 7,950 million euro. This year three bonds, with a total value of 3,200 million euro, will mature. Their reimbursement will be covered by todays issue and the groups cash flow.
For the dissemination to the public and the storage of regulated information made available to the public, Enel S.p.A. has decided to use respectively the platforms “eMarket SDIR” and “eMarket Storage”, both available at the address www.emarketstorage.com and managed by Teleborsa S.r.l. - with registered office in Rome, at 4 Piazza Priscilla - as per CONSOB authorization and resolutions n. 22517 and 22518 of November 23, 2022.
From May 19th 2014 to June 30th 2015, Enel S.p.A. used the authorized mechanism for the storage of regulated information denominated “1Info”, available at the address www.1info.it, managed by Computershare S.p.A. with registered office in Milan and authorized by Consob with resolution No. 18852 of April 9th, 2014.