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Enel launches 1.5 billion "sustainability-linked bonds".

2023-02-14T17:22:58.462Z


(HANDLE) (ANSA) - ROME, FEBRUARY 14 - Enel Finance International, a Dutch-registered financial company controlled by Enel, has launched a two-tranche "Sustainability-Linked bond" on the Eurobond market aimed at institutional investors for a total of 1.5 billion euros. Orders amounted to approximately 4 billion euros. The average coupon is 4.25% and the average duration is approximately 14 years. The new i


(ANSA) - ROME, FEBRUARY 14 - Enel Finance International, a Dutch-registered financial company controlled by Enel, has launched a two-tranche "Sustainability-Linked bond" on the Eurobond market aimed at institutional investors for a total of 1.5 billion euros.

Orders amounted to approximately 4 billion euros.

The average coupon is 4.25% and the average duration is approximately 14 years.



The new issue - explains an Enel note - provides for the first time for the use by Enel of multiple Key Performance Indicators ("KPI") per tranche, further strengthening Enel's commitment to accelerate the energy transition.

For the first time in a public placement of a bond, a tranche of the issue combines a KPI linked to the EU taxonomy with a KPI linked to the United Nations Sustainable Development Goals ("SDGs").

The other tranche of the bond is linked to two KPIs associated with the group's trajectory of complete decarbonisation, through the reduction of direct and indirect greenhouse gas emissions.

(HANDLE).



Source: ansa

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