Enel doubles down on funding linked to 60% renewable target

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By Mike Turner
22 Oct 2020

Enel has signed a sustainability-linked loan (SLL) days after printing a bond using the structure. The Italian energy company has doubled down on its sustainability plans by pinning both trades to the same goal.

Enel, rated Baa2/BBB+/A-, has signed a €1bn six year loan from a club of six banks. This represented a big scaling back of the company's usual lending group; its May 2020 dual tranche €5bn loan had 28 lenders attached at various levels.

The new facility’s margin is linked to ...

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