The transaction is part of the Enel Group’s strategy to optimise the structure of its liabilities through an active management of maturities aimed at reducing the cost of debt
Rome, December 5th, 2019 – Enel S.p.A. (“Enel” or the “Company”) today exercised the optional redemption of the non-convertible, subordinated hybrid bond denominated in euros (ISIN XS1014997073), issued and listed on January 15th, 2014 on the Irish Stock Exchange “Euronext Dublin”, with a nominal value of 1,000 million euros, paying a 5% coupon and maturing on January 15th, 2075 with a First Call Date on January 15th, 2020. The optional redemption was exercised through a notice delivered to the noteholders and subsequently published on the website of Euronext Dublin, in accordance with the terms and conditions provided for in the Offering Circular dated January 10th, 2014.
The transaction is part of the Enel Group’s strategy to optimise the structure of its liabilities through an active management of maturities aimed at reducing the cost of debt.
On January 15th, 2020 (the First Call Date), Enel will pay the noteholders back the outstanding hybrid bond’s nominal value equal to about 410 million euros, together with any interest accrued up to, the day before the First Call Date. That amount represents the outstanding amount resulting from liability management transactions carried out by the Company throughout the 2018-2019 period.
For the dissemination to the public and the storage of regulated information made available to the public, Enel S.p.A. has decided to use respectively the platforms “eMarket SDIR” and “eMarket Storage”, both available at the address www.emarketstorage.com and managed by Teleborsa S.r.l. - with registered office in Rome, at 4 Piazza Priscilla - as per CONSOB authorization and resolutions n. 22517 and 22518 of November 23, 2022.
From May 19th 2014 to June 30th 2015, Enel S.p.A. used the authorized mechanism for the storage of regulated information denominated “1Info”, available at the address www.1info.it, managed by Computershare S.p.A. with registered office in Milan and authorized by Consob with resolution No. 18852 of April 9th, 2014.