Patience pays off for Eni's USD re-entry
06 Sep 2018Tranche A: USD1bn, coupon 4.00%, due 12 September 2023. Reoffer 99.463, spread UST 2.75% August 2023+135bp. MWC.
Tranche B: USD1bn, coupon 4.75% due 12 September 2028. Reoffer 99.199, spread UST 2.875% August 2028+195bp. MWC.
Common terms: Issuer ENI SpA. 144a/RegS. Senior unsecured. UOP: GCP, inclduing for repayment