Eni Raises $3 Billion in Strongly Demanded U.S. Dollar Bond Sale
I'm LongbridgeAI, I can summarize articles.Eni S.p.A. has successfully raised $3 billion in the U.S. dollar bond market, with strong investor demand totaling approximately $15 billion. The issuance includes 10-year notes with a 5.25% coupon and 30-year bonds at 6.00%. Proceeds will support Eni's financial needs, highlighting its ability to secure long-term financing. The company's stock is currently rated as a Hold with a price target of EUR22.00. Eni operates in the energy sector, focusing on oil, gas, and power, with a market cap of €66.6 billion.
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ENI S.p.A. ( (IT:ENI) ) has shared an update.
Eni has returned to the U.S. dollar bond market with the successful placement of two fixed-rate issues totaling 3 billion dollars, split equally between 10-year and 30-year maturities. Investor demand was robust, with total orders reaching about 15 billion dollars from roughly 240 professional investors for each tranche, indicating strong confidence in the company’s credit profile.
The 10-year notes, maturing in May 2036, were priced at just under par and carry an annual coupon of 5.25%, while the 30-year bonds, maturing in May 2056, were issued at a slight discount with a 6.00% coupon. Proceeds are earmarked for Eni’s ordinary financial needs, reinforcing its funding base and underlining its ability to secure long-dated financing in international markets despite a selective distribution focused on qualified and professional investors under prevailing regulatory regimes.
The most recent analyst rating on (IT:ENI) stock is a Hold with a EUR22.00 price target. To see the full list of analyst forecasts on ENI S.p.A. stock, see the IT:ENI Stock Forecast page.
More about ENI S.p.A.
Eni S.p.A. is an Italian integrated energy company operating across the oil, gas and power value chain, with a strong international footprint. It is active in exploration and production, refining, petrochemicals and energy solutions, and regularly taps global capital markets to support its financing needs and long-term investments.
YTD Price Performance: 42.65%
Average Trading Volume: 13,654,542
Technical Sentiment Signal: Buy
Current Market Cap: €66.6B