(Alliance News) - Eni Spa announced Monday that the initial nominal interest rate of the 2 million bonds of the sustainability-linked loan 2023-2028 has been determined at 4.3 percent

Specifically, the effective rate of return on the bonds is 4.30 percent per annum gross to maturity if the Step Up Event does not occur and 4.39 percent per annum gross to maturity if the Step Up Event occurs.

In addition, the company disclosed that the expected amount of expenses related to the offering is approximately EUR38 million.

In connection with the EUR2 billion bonds placed last week, Eni reported that the total demand was more than EUR10 million, with applications received from more than 300,000 investors.

Eni CEO Claudio Descalzi commented, "The success of this transaction has been extraordinary and surprising. It was for us above all a very strong response in terms of trust from the Italian public, and this is the aspect that gives us the greatest satisfaction and strengthens us. So many Italians have believed in what we are doing, both in terms of progressive evolution towards decarbonized industrial processes and products and in terms of guaranteeing energy security."

Eni's stock is in the red by 0.4 percent at EUR14.40 per share.

By Chiara Bruschi, Alliance News reporter

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