Eni Raises $3 Billion in Strongly Demanded U.S. Dollar Bond Sale
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Eni S.p.A. has successfully raised $3 billion in the U.S. dollar bond market, with strong investor demand totaling approximately $15 billion. The issuance includes 10-year notes with a 5.25% coupon and 30-year bonds at 6.00%. Proceeds will support Eni's financial needs, highlighting its ability to secure long-term financing. The company's stock is currently rated as a Hold with a price target of EUR22.00. Eni operates in the energy sector, focusing on oil, gas, and power, with a market cap of €66.6 billion.
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