SLB champion Enel plans first sterling trade using structure

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By Mike Turner
12 Oct 2020

Enel, the Italian power and gas company, is set to push the nascent sustainability-linked bond market to a new currency this week after the company mandated for the first deal in the format in sterling.

Enel, rated Baa2/BBB+/A-, has been a major component in growing the sustainability-linked bond market, printing the first such deal in euros in September 2019.

Now, the issuer is looking at the sterling market. Enel plans to print a seven year trade. It has mandated BNP Paribas, Goldman Sachs ...

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