Eni picks up €1bn at small to no premium

By Jon Hay
24 Jan 2014

Eni, the oil and gas company, on Wednesday launched this year’s seventh Italian corporate bond in euros, with a deal that underlined its status as one of the country’s strongest borrowers.

The A3/A (both negative) rated company followed the zeitgeist of this January and went for a long maturity, of 15 years.

Assuming that hybrids are called at their first call dates, Eni’s bond was the longest corporate bond in euros this year.

Bookrunners Banca Imi, BNP Paribas, Deutsche ...

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