Italian energy company Eni has returned to the U.S. capital market, launching two fixed-rate U.S. dollar bond issues with maturities of 10 and 30 years, raising a total of 3 billion dollars, as reported by the Trend with reference to the company.
The offering attracted strong investor demand, reaching approximately 15 billion dollars in total orders, with participation from around 240 institutional investors for each tranche, according to the company.
The 10-year bond, maturing on May 18, 2036, was issued for 1.5 billion dollars at a re-offer price of 99.172%, carrying an annual coupon of 5.250%.
The 30-year bond, maturing on May 18, 2056, was also placed at 1.5 billion dollars, with a re-offer price of 98.105% and an annual coupon of 6.000%.
Eni said the proceeds from the issuance will be used to support its general financing requirements.
