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Enel SpA Authorizes Issue of Hybrid Financial Instruments


Tuesday, 7 May 2013 11:36am EDT 

Enel SpA announced that the Board of Directors authorized the issue by Enel SpA of one or more non-convertible bonds, in the form of hybrid subordinated instruments, up to a maximum amount of EUR 5 billion by December 31, 2014. The initiative forms part of the actions to strengthen the financial structure of the Enel Group set out in the business plan presented to the financial community on March 13, 2013. The bonds may be placed with institutional investors or with retail investors, depending on the opportunities that the market may offer. 

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4:55am EDT