Sustainable Development Goal (“SDG”) 7 (Affordable and Clean Energy) Target Guaranteed Euro-Commercial Paper Programme

In October 2001, Enel S.p.A. set up a Euro Commercial Paper Programme allowing the issue - via Enel Investment Holding B.V. - of commercial paper notes up to a total programme size of Euro 1.5 billion and guaranteed by Enel S.p.A. (the “Euro Commercial Paper Programme”).

In May 2004, the Euro Commercial Paper Programme was updated increasing the total amount up to Euro 2.5 billion.

In November 2005, due to the reorganization of foreign companies of the Enel Group, Enel Investment Holding B.V. was substituted with Enel Finance International S.A. as issuer (with a guarantee of Enel S.p.A.) and, as a result of growing demand from the investors, the Euro Commercial Paper Programme size was increased up to Euro 4 billion, and later in June 2010 up to Euro 6 Billion.

In July 2010, in the framework of a Group corporate transaction aiming at the optimization of the Group's financial activities, Enel Finance International S.A. was transferred from Luxembourg to The Netherlands by way of cross-border merger into Enel Finance International N.V. (effective as of December 2010) which became the new Issuer of the Euro Commercial Paper Programme. Subsequently, between August and December 2010, the Euro Commercial Paper Programme was amended, restated and updated accordingly.

Moreover, in September 2018, the Information Memorandum of the Euro Commercial Paper Programme was updated.

In May 2020, in line with the sustainable strategy of the Enel Group, the Euro Commercial Paper Programme was updated as “Sustainable Development Goal (“SDG”) 7 (Affordable and Clean Energy) Target Guaranteed Euro-Commercial Paper Programme” (the “SDG 7 - Euro Commercial Paper Programme”), reflecting the relevant target (set at Group level) on the achievement - by the Enel Group - of a renewable energy installed capacity percentage equal to or greater than 60% of the total installed capacity by December 31, 2022.

In such framework, Vigeo Eiris S.A.S. was appointed to provide a second party opinion on (amongst others) the inclusion of the above mentioned SDG 7 target in the SDG 7 - Euro Commercial Paper Programme.

The Vigeo Eiris S.A. second party opinion is also available for consultation in this section together with an Interim Statement of Renewable Energy Installed Capacity on the Renewable Energy Installed Capacity Percentage with December 31, 2019 as reference date and its relevant Assurance Report issued by the External Verifier. Up to date Interim and Final Statements of Renewable Energy Installed Capacity and Target will be published on this webpage in due course according to the terms of SDG 7 - Euro Commercial Paper Programme documents.

Arranger:
Citigroup Global Markets Limited

Dealers:
Banco Santander, S.A.
Bank of America Merrill Lynch International DAC
Barclays Bank Ireland PLC
Barclays Bank PLC
Bred Banque Populaire
Citigroup Global Markets Europe AG
Citigroup Global Markets Limited
Commerzbank Aktiengesellschaft
Crédit Agricole Corporate and Investment Bank
Credit Suisse Securities (Europe) Limited
Credit Suisse Securities Sociedad de Valores S.A.
Goldman Sachs International
HSBC Bank plc
ING Bank N.V.
MUFG Securities (Europe) N.V.
NatWest Markets Plc
Société Générale
UBS AG, London Branch

2018 Enel Information Memorandum

PDF (0.85MB) Download

2020 - Information Memorandum of the SDG 7 (Affordable and Clean Energy) Target Guaranteed Euro-Commercial Paper Programme

PDF (0.73MB) Download

Vigeo Eiris Second Party Opinion

PDF (0.5MB) Download

Interim Statement of Renewable Energy Installed Capacity as of December 31, 2019

PDF (0.44MB) Download
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