Eni to issue €3bn bond
Board of Directors of oil major Eni, on Thursday, April 7, 2022, approved the possible issue of one or more bonds to be placed with institutional investors.
The total value of the bonds to be issued amounts to 3 billion euros.
In a statement published on the oil major’s website, the bond will be issued in one or more tranches by March 31, 2024.
The bonds, if issued, will enable Eni to pre-fund potential future financial needs and to maintain a well-balanced financial structure.
“The bonds may be listed on one or more regulated markets,” Eni stated.
Eni S.p.A. is an Italian multinational oil and gas company headquartered in Rome.
Considered one of the seven “supermajor” oil companies in the world, it has operations in 66 countries with a market capitalization of US$36.08 billion, as of 31 December 2020.
The Italian government owns a 30.33% golden share in the company, 4.37% held through the Ministry of Economy and Finance and 25.96% through the Cassa Depositi e Prestiti.
The company is a component of the Euro Stoxx 50 stock market index.
