Rome, February 25th, 2021 – The Board of Directors of Enel S.p.A. (“Enel” or the “Company”), which met today under the chairmanship of Michele Crisostomo, authorized Enel's issuance, by December 31st, 2021, of one or more non-convertible subordinated hybrid bonds, including perpetual bonds, for up to a maximum amount equal to 3 billion euros. These bonds are to be placed exclusively with European and non-European institutional investors, including through private placements.
In the same resolution, Enel's Board of Directors also revoked the previous June 10th, 2020 resolution concerning the issuance of one or more bonds by the Company, for the portion not yet implemented, amounting to approximately 0.9 billion euros, without prejudice to all effects arising from issues already carried out.
The new issues are intended to strengthen and optimize the Group's capital structure, and refinance the hybrid bonds maturing in 2021, enabling the Enel Group to maintain a capital structure consistent with the rating agencies' assessment criteria.
The Board of Directors also delegated to the Chief Executive Officer the task of deciding on the issuance of new bonds and their respective characteristics and, therefore, of establishing for each issue, taking into account the evolution of market conditions, the timing, amount, currency, interest rate and further terms and conditions, as well as the placement methods and any listing on regulated markets or multilateral trading facilities.
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 Spafid Connect S.p.A. with registered office in Milan, at Foro Buonaparte, 10. The aforementioned services are authorized by Consob (resolution No.19878 of February 15th, 2017, related to the mechanism for the dissemination to the public of regulated information “eMarket SDIR” and resolution No. 19879 of February 15th, 2017, related to the mechanism for the central storage of regulated information “eMarket Storage”).
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.