Enel approves new bond issues, revokes previous programme
MILAN, Sept 11
MILAN, Sept 11 (Reuters) - Italy's biggest utility Enel said on Tuesday it had approved the issue of one or more bonds for up to 5 billion euros by December 31, 2013 to extend the average maturity of its debt.
In a statement, Enel also said its board had revoked a decision of November last year authorising the issuance of bonds for up to 5 billion euros.
Enel, Europe's most indebted utility, said the bonds in its programme approved on Tuesday could be placed with institutional or retail investors.
(Reporting By Stephen Jewkes)
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