Enel Finance International NV, the Group’s Dutch-registered finance company controlled by Enel S.p.A., launched a single-tranche “sustainable” bond for institutional investors on the US and international markets totalling USD 1.5 billion, equivalent to about EUR 1.4 billion.
The issue, which is guaranteed by Enel, was oversubscribed by almost three times, with total orders of approximately USD 4 billion and the significant participation of Socially Responsible Investors, allowing the Enel Group to continue to diversify its investor base.
- SDG 7 “Affordable and clean energy”, with over 11.6 GW of additional capacity;
- SDG 9 “Industry, innovation and infrastructure”, with over 46.9 million smart metres installed and EUR 5.4 billion of investment in innovation and digitalisation;
- SDG 11 “Sustainable cities and communities”, with retail investment and new electrification-oriented energy services to achieve, among others, 9.9 GW of demand response capacity and 455,000 charging points for electric mobility;
- SDG 13 “Climate action”, with a commitment to reduce carbon dioxide emissions to below 0.350 kg/kWheq in 2020 and full decarbonisation by 2050.
The success of the issue on the markets is a clear signal of the acknowledgement of the Group’s sustainability strategy and its ability to generate value by contributing to the achievement of the Sustainable Development Goals set by the United Nations.
This bond issue, the first of its kind and intended to meet the Company’s ordinary financing needs, is linked to the Group’s ability to achieve, by December 31st, 2021, a percentage of installed renewable generation capacity (on a consolidated basis) equal to or greater than 55 percent of total consolidated installed capacity. To ensure the transparency of the results, the achievement of that target (as of June 30st, 2019, the figure was already equal to 45.9 percent) will be certified by a specific assurance report issued by the auditor engaged for this purpose.