SAN DONATO MILANESE (ITALPRESS) – Eni has successfully launched a new perpetual hybrid bond issue with a nominal value of 1 billion euros. The hybrid bond loan, purchased by institutional investors, was placed on the Eurobond market and received orders for over 6 billion euros, mainly from the UK, Germany, France and Italy. The hybrid bond will be issued with a re-offer price of 99.342% and an annual coupon of 4.125% up to the first reset date, scheduled to 6.25 years after issue (19 April 2032).
If the prepayment is not made, the annual coupon will be re-issued from 19 April 2032 and then every 5 years, and equal to the Euro Mid Swap rate at 5 years in time in force added to an initial margin of 163.7 basic points. This margin will be further increased by 25 basic points from 19 April 2037 and a further increase of 75 base points from 19 April 2052. The hybrid bond loan will be negotiated on the regulated market of Borsa Italiana and the Luxembourg Stock Exchange. The date of settlement is scheduled for 19 January 2026.
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(ITALPRESS).
