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Enel
Capital/Financing Update • Jul 20, 2021
4317_rns_2021-07-20_e805071b-27ed-4e6a-b971-5431aec6c3c1.pdf
Capital/Financing Update
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| Informazione Regolamentata n. 0116-61-2021 |
Data/Ora Ricezione 20 Luglio 2021 19:29:18 |
MTA | |||
|---|---|---|---|---|---|
| Societa' | : | ENEL | |||
| Identificativo Informazione Regolamentata |
: | 150111 | |||
| Nome utilizzatore | : | ENELN07 - Giannetti | |||
| Tipologia | : | 2.2 | |||
| Data/Ora Ricezione | : | 20 Luglio 2021 19:29:18 | |||
| Data/Ora Inizio Diffusione presunta |
: | 20 Luglio 2021 19:29:19 | |||
| Oggetto | : | Enel Finance International repurchases bonds for an aggregate nominal value of 6,000,000,000 US dollars |
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| Testo del comunicato |
Vedi allegato.
Global News Media Investor Relations
T +39 06 8305 5699 T +39 06 8305 7975 [email protected] enel.com enel.com
[email protected] [email protected]
THIS PRESS RELEASE AND THE INFORMATION IT CONTAINS DOES NOT CONSTITUTE A NOTICE OF REDEMPTION OR AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO PURCHASE SECURITIES IN ANY JURISDICTION AND IS NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, WHETHER DIRECTLY OR INDIRECTLY AND WHETHER IN WHOLE OR IN PART, INTO OR IN ANY JURISDICTION IN WHICH SUCH RELEASE, DISTRIBUTION OR PUBLICATION WOULD BE UNLAWFUL.
ENEL FINANCE INTERNATIONAL REPURCHASES BONDS FOR AN AGGREGATE NOMINAL VALUE OF 6,000,000,000 US DOLLARS
The repurchase is part of the Enel Group's strategy to further accelerate the achievement of its targets of sustainable finance sources on the Group's total gross debt and to optimize the structure of the Group's liabilities through active management of maturities and cost of debt
Rome, July 20th , 2021 – Enel Finance International N.V. ("EFI"), the Dutch-registered finance company controlled by Enel S.p.A. ("Enel")1 , will repurchase in cash four of its conventional bonds, as identified below, guaranteed by Enel, for an aggregate nominal value of 6,000,000,000 US dollars, following the exercise of a redemption option provided for in the offering documents of the relevant bonds.
The repurchase is being carried out as part of the Enel Group's strategy to further accelerate the achievement of its targets of sustainable finance sources on the Group's total gross debt, set at 48% in 2023 and more than 70% in 2030, and to optimize the structure of the Group's liabilities through active management of maturities and cost of debt.
The following table reports: (i) the bonds to be repurchased; (ii) the reference interest rates; (iii) the purchase yields; (iv) the purchase prices (per 1,000 US dollars); (v) the amounts of accrued interest; and (vi) the total amounts in US dollars for the repurchase.
1 Enel's ratings: BBB+ (Stable) for Standard & Poor's, Baa1 (Stable) for Moody's and A- (Stable) for Fitch.
| Bond | Reference interest rate | Purchase yield | Purchase price (per US\$1,000) |
Accrued interest | Cash out |
|---|---|---|---|---|---|
| US\$ 2,000,000,000 2.875 per cent Notes due 25 May 2022 (ISIN 144 A US29278GAB41; ISIN Reg S USN30707AD06) |
0.070% | 0.270% | US\$1,021.82 | US\$9,263,888.89 | US\$2,052,895,363.58 |
| US\$ 1,250,000,000 2.750 per cent Notes due 6 April 2023 (ISIN 144 A US29278GAD07; ISIN Reg S USN30707AF53) |
0.200% | 0.350% | US\$1,040.71 | US\$10,217,013.89 | US\$1,311,107,666.95 |
| US\$ 1,250,000,000 4.250 per cent Notes due 14 September 2023 (ISIN 144 A US29278GAH11; ISIN Reg S USN30707AJ75) |
0.273% | 0.523% | US\$1,079.27 | US\$19,036,458.33 | US\$1,368,123,623.86 |
| US\$ 1,500,000,000 4.625 per cent Notes due 14 September 2025 (ISIN 144 A US29278GAJ76; ISIN Reg S USN30707AK49) |
0.656% | 0.956% | US\$1,148.66 | US\$24,859,375.00 | US\$1,747,848,256.00 |
Total - - - US\$63,376,736.11 US\$6,479,974,910.39
The redemption date is July 23rd , 2021.