Enel successfully launches a 1 billion euro “Sustainability-Linked Bond” in the Eurobond market

8 september 2022

Enel publishes on its website:

• Enel Finance International N.V. has successfully launched a 1 billion euro Sustainability-Linked Bond, linked to the achievement of Enel’s sustainable objective relating to the reduction of direct greenhouse gas emissions (Scope 1), contributing to United Nations Sustainable Development Goal 13 (Climate Action) and in accordance with the Group’s Sustainability-Linked Financing Framework
• In line with the Strategic Plan, the new Sustainability-Linked Bond contributes to the achievement of the Group’s objectives related to the sustainable finance sources on Group’s total gross debt, set at approximately 65% in 2024 and over 70% in 2030

Rome, September 6th, 2022 – Enel Finance International N.V. (“EFI”), the Dutch-registered finance company controlled by Enel S.p.A. (“Enel”)[1], today launched a Sustainability-Linked Bond for institutional investors in the Eurobond market for a total of 1 billion euros. The new issue is linked to the achievement of Enel’s sustainable objective relating to the reduction of direct greenhouse gas emissions (Scope 1), contributing to United Nations Sustainable Development Goal (“SDG”) 13 (Climate Action) and in accordance with the Group’s Sustainability-Linked Financing Framework (the “Framework”).

Alberto De Paoli, Enel CFO, said: “Today we have launched yet another highly successful bond issuance, which demonstrates once again how truly sustainable business models are sought after by the market, even in challenging times like the ones we are currently experiencing. This issue, alongside helping us in the achievement of Enel’s sustainable finance objectives, supports the implementation of our strategy, which will strengthen the zero-emission energy supply of the countries where we operate. We are therefore working to create long-term value for all relevant players involved, in line with the principles of Stakeholder Capitalism, en route to the creation of a decarbonized, electrified society laying its foundations on the security of sustainable energy supplies.”

The bond, which is guaranteed by Enel, was roughly 2.4 times oversubscribed, with total orders of approximately 2.4 billion euros and the significant participation of Socially Responsible Investors (SRI), enabling the Group to continue to diversify its investor base.

The success of the bond is a clear acknowledgement of the Group’s sustainability strategy and of its ability to generate value by contributing to the achievement of the SDGs.

The proceeds from the issue are expected to be used by EFI to fund the Group’s ordinary financing needs.

Source: Enel