Enel Finance International, a wholly-owned subsidiary of Italian energy company Enel, placed its first green bond for institutional investors in European stock markets, the company announced on Monday.
Green bonds were created to fund projects that have positive environmental or climate benefits.
"The issue totals 1,250 million euros and provides for repayment in one installment at maturity on Sept. 16, 2024, as well as the payment of a fixed-rate coupon of 1 percent, payable annually in arrears in the month of September, as from September 2017,” Enel said.
The expected date for settlement of the issue is Jan. 16, 2017, Enel added.
"It is expected that the green bond will be listed on the regulated markets of the Irish and Luxembourg Stock Exchanges,” the company said.
The net proceeds raised from the bond will be used to finance Enel Group’s eligible green projects.
(Anadolu Agency, 10 January 2017)
