Rome, June 16th, 2011 The Board of Directors of Enel SpA met today under the chairmanship of Paolo Andrea Colombo and, as part of its strategy to extend the average maturity of consolidated debt and with a view to optimising its medium and long-term maturity profile, approved the issue of one or more bonds by December 31st, 2012, for a total amount of up to 5 billion euros. The bonds will be placed with institutional or retail investors, depending upon the opportunities presented by the market.
The bonds may be issued directly by Enel SpA or by its Dutch subsidiary Enel Finance International NV (guaranteed by the Parent Company), the latter based on the opportunities that may be available for placement of the bonds on foreign regulated markets.
The Board of Directors delegated to the CEO the task of allocating the bond issues between the two above-mentioned companies and setting the amounts, currencies, timing and characteristics of the individual issues, with the option of seeking a listing on one or more regulated markets.
The Board of Directors also revoked its previous resolution of March 2nd, 2011 that had authorized the issue of one or more bonds by December 31st, 2011, to be placed with institutional investors, for a total amount of up to 1 billion euros, maintaining the validity and effects of the bonds issued under such resolution.
In implementation of the Board resolution of March 2nd, 2011, Enel Finance International NV carried out the following transactions (guaranteed by the Parent Company) with institutional investors:
¿ two private placements during March 2011 for a total of 200 million euros, with a weighted average maturity of about 20 years and an average rate of about 5.78%;
¿ a bond issue on May 27th, 2011 for a total of 250 million Swiss francs (about 205 million euros), with a weighted average maturity of 6.3 years and with a euro swap at an average rate of 3.96%;
¿ a private placement on June 6th, 2011 for a total of 11.5 billion yen (about 100 million euros), with a maturity of 7 years and with a euro swap at a rate of 3.915%.
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.