Marine Link
Tuesday, March 19, 2024

Eni Directors Approve Bond Issue

Maritime Activity Reports, Inc.

May 30, 2013

Offshore Congo Platform: Photo credit Eni

Offshore Congo Platform: Photo credit Eni

The Board of Directors of Italy-based global energy corporation Eni has approved possible one or more bonds issues.

The issue of the bonds is to be placed with institutional investors, with a value of up to a maximum amount of 3 billion euro, or its equivalent in other currencies, to be issued in one or more tranches by 30 May 2014.

The company says that the bonds will enable it to maintain a well-balanced financial structure, in terms of short term and medium/long-term debt and average duration of the debt. The bonds may be listed on regulated markets.

Italy-based Eni is an integrated company that operates across the entire energy chain, employing some 78,000 people in 90 countries around the world. They point to scientific research and technological innovation as beign at the heart of its strategies for sustainable development.

 

Subscribe for
Maritime Reporter E-News

Maritime Reporter E-News is the maritime industry's largest circulation and most authoritative ENews Service, delivered to your Email five times per week