(CercleFinance.com) – Enel after the successful launch of the issuance of hybrid non-convertible, subordinated, perpetual bonds, aimed at institutional investors in European markets and denominated in euros for a total amount of 1.75 billion euros announces the results of its voluntary takeover bid.
Enel has launched voluntary takeover bids for the cash purchase of all or part of its outstanding €750 million perpetual hybrid bond.
The issue was launched on January 9 and expired on January 16, 2023, for the cash redemption, and subsequent cancellation, of all or part of its €750 million perpetual hybrid bonds accounted for in shares, with a first call date in August 2023 and a coupon of 2.500%.
The tender offer transaction is expected to settle on January 20, 2023.
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