Enel’s jumbo five year shows strength of longer end

Following the successes of longer dated deals from Philips and Henkel (the latter of which was signed earlier this week), Italian utility Enel is also looking for five year funding. The Eu8bn facility will be the largest loan with such a maturity of the last 18 months and will pay an out-of-the-box margin of 85bp. To find out more about this deal and what else is on in the market this week, read EuroWeek this Friday.