Italian energy group Eni launches fixed rate bond

(AGI) Rome, Sept 11 - Italian oil and gas giant Eni launched afixed rate bond issue with a par value of 750 million euros onFriday. The deal was on the international Eurobond market underits existing Euro Medium Term Notes Programme. The bondhas an eight-year maturity, expires in January 2024 and pays afixed annual coupon rate of 1.75 percent. The re-offer price is99.192 percent. The proceeds will be used for Eni's standardrequirements. The group said: "The issue has been carriedout in execution of the resolution passed by the board ofdirectors of Eni

(AGI) Rome, Sept 11 - Italian oil and gas giant Eni launched afixed rate bond issue with a par value of 750 million euros onFriday. The deal was on the international Eurobond market underits existing Euro Medium Term Notes Programme. The bondhas an eight-year maturity, expires in January 2024 and pays afixed annual coupon rate of 1.75 percent. The re-offer price is99.192 percent. The proceeds will be used for Eni's standardrequirements. The group said: "The issue has been carriedout in execution of the resolution passed by the board ofdirectors of Eni on Jan. 20, 2015 under the Euro Medium TermNotes programme and is aimed at maintaining a balancedfinancial structure in relation to the ratio of net short termand medium to long term debt and the average life of the Enidebt. The loan is intended for institutional investors, andwill be placed subject to market conditions and listed on theLuxembourg Stock Exchange. Eni's rating relative to long-termdebt is A3 with a stable outlook for Moody's and A- with astable outlook for Standard & Poor's." (AGI) . .