Enel shows euro funds buy into sustainability coupon ratchet
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Enel shows euro funds buy into sustainability coupon ratchet

1624

Enel, the Italian power and gas company that is the first, and only, issuer of bonds with sustainability-linked coupons, proved this week that the structure appeals to European green-minded investors, by raising €2.5bn at a spread several basis points tighter than it could have achieved with a normal bond. Jon Hay and Mike Turner report.

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