(CercleFinance.com) – Enel Finance International, under the control of Enel SpA, has issued a sustainability-linked bond of 2 billion US dollars (approximately 1.9 billion euros) for institutional investors. This bond, guaranteed by Enel, was oversubscribed, with orders reaching $5.6 billion.
Enel CFO Stefano De Angelis highlighted that this success reflects investors’ confidence in the company’s financial and environmental sustainability strategy. The funds raised will be used to finance the group’s current needs, including debt refinancing.
The obligation is linked to the reduction of Scope 1 greenhouse gas emissions from electricity production, in line with the UN Sustainable Development Goals and Enel’s Sustainable Financing Framework, updated day in January 2024.
The issue includes two tranches, the first being $1.25 billion at a fixed rate of 5.125%, with a maturity of June 26, 2029 and an effective yield of 5.384%.
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