The issues form part of the strategy to refinance the Group’s maturing consolidated debt
Rome, April 12th, 2017 – At a meeting today chaired by Patrizia Grieco, the Board of Directors of Enel SpA (“Enel”) authorised the issue by December 31st, 2018 of one or more bonds to be placed with institutional investors up to a maximum value of 7 billion euros as part of the strategy to refinance the Group’s maturing consolidated debt.
The issues may be carried out by the Dutch subsidiary Enel Finance International N.V. (backed by a parent company guarantee) or directly by Enel depending on the existing market opportunities.
The Board also charged the Chief Executive Officer with establishing the amounts, currencies, timing and characteristics of the individual issues, taking account of developments in market conditions, with the power to apply for a listing of the issues on one or more regulated markets in the European Union or on multilateral trading facilities. With a view to increasing diversification, the issues may be offered to institutional investors within or outside the European Union, including through private placements.
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