Enel crowns liquidity as ‘king’ by aiming for long tenors
Enel Finance International has set its sights on deals with a tenor of seven years or longer, as intense investor interest in corporate MTNs has spread to some of the leading borrowers in peripheral countries.
Investor hunger for corporate paper is such that nearly four times as much paper from the sector traded in January than the year before.
The Italian electricity group followed up a 50m 10 year note last week with a 50m 10 year CMS linker via Société Générale on Wednesday.
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