(Alliance News) - Enel Spa announced on Monday evening that it has successfully launched on the European market the issuance of non-convertible, subordinated hybrid perpetual bonds with a euro denomination, aimed at institutional investors, for a total amount of EUR1.75 billion.

The issue received oversubscription requests more than 8 times, totaling orders amounting to approximately EUR15 billion.

The issuance is made in execution of the December 14, 2022 resolution of the Company's Board of Directors, which authorized the issuance by Enel, by December 31, 2023, of one or more non-convertible bonds, in the form of hybrid subordinated securities, including perpetual bonds, for a total maximum amount equal to the equivalent of EUR2 billion.

Enel ended Monday's session in the fractional red at EUR5.60 per share.

By Maurizio Carta, Alliance News reporter

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