Please read the prospectus, which provides exhaustive information on the offer before agreeing to terms
Enel offers all investors the opportunity to subscribe to a new bond offering with an overall amount of 2 billion Euro (The offering may be increased up to 3 billion Euro)
From the 15th to the 26th February (The public offering may be closed early, under the conditions of the Prospectus. In this event, notification will be published in the Financial Times. Door-to-door selling will terminate on 19th February 2010.), two different types of bond will be available – fixed rate or floating rate – with a minimum investment of 2.000 Euro (2 bonds with a par value of 1.000 euro each).
ENELTF 2010/2016 FIXED-RATE BONDS
Minimum lot size
The minimum lot size will be 2 fixed-rate bonds (EnelTF2010/2016) 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.
The bond has a 6 year maturity expiring March 2016.
Interests will be paid to subscribers on an annual basis in arrears.
The yield on fixed-rate bonds will be published in English in the Financial Times within 5 working days from the conclusion of the offering period. This yield will be determined as the sum of the 6 years mid swap rate observed at the end of the offering period with a further yield margin.
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 be traded on the Mercato Telematico delle Obbligazioni (MOT) and their performance 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.
Bond yields are intended gross of applicable tax at the time of payment of the coupon.
By way of example, in the second half of 2009, the minimum value of the 6 years mid swap rate was 2.824 percent, while the maximum value was 3.221 percent. Past returns are not indicative of future ones.
Please read the Prospectus available at Enel and participating banks before agreeing to terms.
The Prospectus, together with the Summary available in French, German, Dutch and with other documents regarding the offer, can be viewed on the Enel S.p.A. website www.enel.com and a print of it is available for the public and can be freely obtained at the legal headquarters of Enel S.p.A., in Via Regina Margherita 137, Rome or in the placing banks.
In Italy, for further information on the operation, the toll free number 800.13.23.13 and firstname.lastname@example.org.