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 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.