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Eni S.p.A. Announces New Hybrid Bonds and Repurchase Offer
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Eni S.p.A. Announces New Hybrid Bonds and Repurchase Offer

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ENI S.p.A. ( (IT:ENI) ) has issued an update.

Eni S.p.A. has announced the issuance of two new perpetual hybrid subordinated bonds as part of its Euro Medium Term Note program, intended to sustain its balanced financial structure and finance general needs. Additionally, Eni has launched a tender offer to repurchase an existing hybrid bond, aligning with its strategy of maintaining hybrid bonds as a permanent component of its capital structure, which is expected to be positively received by stakeholders.

More about ENI S.p.A.

Eni S.p.A. is a major player in the energy industry, specializing in the exploration, production, and sale of oil and natural gas. The company is focused on maintaining a balanced financial structure to support its operations and strategic initiatives.

YTD Price Performance: 6.17%

Average Trading Volume: 1,310,087

Technical Sentiment Consensus Rating: Sell

Current Market Cap: €43.72B

See more insights into ENI stock on TipRanks’ Stock Analysis page.

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