(Alliance News) - Eni Spa announced Wednesday that it plans today to place two new fixed-rate bond issues in U.S. dollars, with maturities of 10 and 30 years.

The bond issue comes in execution of a resolution passed by the board of directors on April 4 and is aimed at maintaining a balanced financial structure, and the proceeds will be used for Eni's general needs.

The bonds are intended for institutional investors and will be placed consistent with market conditions. For the issuance, Eni is using a syndicate of banks consisting of Barclays, BofA Securities, Citi, Goldman Sachs International, Intesa Sanpaolo, JPMorgan, Morgan Stanley, Santander, and Wells Fargo Securities, which will act as joint bookrunners.

Eni's stock is down 1.1 percent at EUR14.81 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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