Enel sterling builds on SLB market, govs and banks to follow

By Mike Turner
15 Oct 2020

Enel, the Italian energy company, printed the first sustainability-linked bond in sterling this week well through its curve, sparking expectations of far wider issuance in the still fledgling market.

Enel, rated Baa2/BBB+/A-, started marketing the October 2027 bond at 130bp over Gilts. 

“We have always looked to diversify our sources of funding and we have been a big player in the sterling market in the past, so it was a natural move for us,” said Alessandro Canta, head ...

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