(CercleFinance.com) – Enel, through its subsidiaries, announces that it launched yesterday sustainability bonds for a total amount of 4.0 billion US dollars, or approximately 4.1 billion euros, intended for to institutional investors in the US and international markets.
The bonds will be issued separately in different tranches and will be guaranteed by Enel.
The bonds are linked to the achievement of Enel’s sustainability objective relating to the reduction of direct greenhouse gas emissions, contributing to the United Nations Sustainable Development Goal and in accordance with the Group’s financing framework.
The transaction is linked to a trajectory towards full decarbonisation, with the 30-year tranche linked to the Enel Group’s objective of achieving zero direct greenhouse gas emissions by 2040 for electricity production and heat.
Alberto De Paoli, Chief Financial Officer of Enel, said: ‘New issues were almost four times oversubscribed, with total orders of around US$14.3 billion allowing the Group to continue to diversify its investor base. .’
The proceeds from the issues should be used to finance the Group’s ordinary financing needs, including the refinancing of outstanding debt.
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