Eccolo! Enel picks right moment for hybrid, raises €1.72bn
Enel, the Italian power company, succeeded today in bringing to market its inaugural hybrid capital issue in euros and sterling – a deal for which it had first announced the mandate on May 29.
The deal was planned on a grand scale, with tranches in euros, sterling and dollars, for which Enel roadshowed on two continents in early June with a total of 19 bookrunners.
But the deal was delayed after the roadshow as markets became more volatile, and then put on
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