Enel

Capital/Financing Update • Oct 3, 2017

Informazione Regolamentata n. 0116-80-2017		Data/Ora Ricezione 03 Ottobre 2017 23:08:51	MTA
Societa'	:	ENEL
Identificativo Informazione Regolamentata	:	94417
Nome utilizzatore	:	ENELN05 - Giannetti
Tipologia	:	2.2
Data/Ora Ricezione	:	03 Ottobre 2017 23:08:51
Data/Ora Inizio Diffusione presunta	:	03 Ottobre 2017 23:08:51
Oggetto	:	Enel Finance International places 3 billion US dollars bond on US market
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This announcement does not constitute or form part of any offer to sell or a solicitation of an offer to buy any securities in the U.S. or any other jurisdiction. This announcement does not constitute a prospectus or other offering document. No securities have been or will be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), or the securities laws of any state of the U.S. or any other jurisdiction. No securities may be offered, sold or delivered in the United States or to, or for the account or benefit of, U.S. Persons (as defined in Regulation S under the Securities Act), except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and any applicable state or other securities laws. No public offering is being made in the United States or in any other jurisdiction where such an offering is restricted or prohibited or where such offer would be unlawful. The distribution of this announcement may be restricted by applicable laws and regulations. Persons who are physically located in those jurisdictions and in which this announcement is circulated, published or distributed must inform themselves about and observe such restrictions.

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ENEL FINANCE INTERNATIONAL PLACES 3 BILLION US DOLLARS BOND ON US MARKET

• Orders for approx. 9 billion US dollars exceeded the amount of offer by about three times
• The strong investor demand for the second Yankee bond issue of 2017 confirmed satisfaction with the performance and sound financial structure of the Enel Group

Rome, October 3rd, 2017 - Enel Finance International N.V. ("EFI"), an Enel S.p.A. ("Enel") finance subsidiary serving the Enel Group, has placed a multi-tranche bond for institutional investors on the US and international markets totalling 3 billion US dollars ("USD"), the equivalent of approximately 2.5 billion euro. The issue, which is guaranteed by Enel, was oversubscribed by about three times, with total orders of approximately 9 billion USD.

This second offering on the US market of the Enel Group in 2017 is part of the Group's financing strategy, including the refinancing of its maturing consolidated debt.

The transaction is structured in the following tranches:

• 1,250 million USD at 2.75% fixed rate maturing in 2023;
• 1,250 million USD at 3.5% fixed rate maturing in 2028;

an additional 500 million USD of EFI's existing 4.750% fixed rate Notes issued in May 2017 maturing in 2047.

In view of their characteristics, the above tranches have been assigned a provisional rating of BBB by Standard & Poor's, Baa2 by Moody's and BBB+ by Fitch.

Enel's rating is BBB (positive) for Standard & Poor's, Baa2 (stable) for Moody's and BBB+ (stable) for Fitch.