Debt Capital Market

On Monday 17th February 2025 Enel Finance International (financing company belonging to the Enel Group) came back to the market with a Eur 2bn SLB Triple Tranche bond: - Eur 750mn, 3y, coupon 2.625% - Eur 750mn, 6y, coupon 3.000% - Eur 500mn, 11y, coupon 3.500%

Banca Akros is Co-dealer for the first issue of BTP Più, the first government bond dedicated to retail savers with the option of early repayment of capital after 4 years.

On Monday 10 February 2025 Terna S.p.A. – Rete Elettrica Nazionale (“Terna”) successfully placed a new Eur 750 million 7 years fixed rate green bond. The proceeds of the issue will be applied by the Issuer, in accordance with its Green Bond Framework, to finance Eligible Green Projects.

On Thursday 23 January Autostrade per l’Italia (ASPI) marked its return to the primary bond market with a € 500mn TAP of the existing € 1bn dual tranche SLB issued in February 2024.

On Tuesday 14 January 2025 ENI S.p.A. priced a new dual Tranche hybrid transaction addressed to institutional and professional investors only. The proceeds of the issue will be used for general corporate purposes and to finance the Tender Offer on the outstanding Eur 1.5bn coupon 2.625% hybrid bond with a first call date in October 2025.

On Wednesday 15 January 2025 SEA S.p.A. (“SEA”) has successfully placed a new Eur 300 million 7 years fixed rate bond. The proceeds of the issue will be used by the Issuer to repay the 3.50% bond due in October 2025 and for general corporate purposes.