Enel has announced its intention to raise $2bn through a private placement of 3.625% bonds due 2027.
The placement will be made through Enel’s financial arm, Enel Finance International.
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The company will issue bonds at 98.99% of the principal amount to the US and international institutional investors. The offer is a part of the company’s strategy to issue bonds worth up to €7bn ($7.42bn).
Book-runners for the placement include Bank of America Merrill Lynch, Barclays, BNP Paribas, Citigroup, Credit Suisse Group, The Goldman Sachs Group, HSBC Holdings, JP Morgan, Morgan Stanley, and Societe Generale.
Net proceeds from the placement will be used for refinancing the consolidated debts that are nearing maturity.
See Also:
Siva Power has announced that it has raised $25m in a venture financing round led by Jim Simons, Mark Heising, and Jonathan Sheets.
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