Italy: Eni Approves Bond Issue

Eni’s Board of Directors this morning approved the issue of one or more bonds, to be placed with institutional investors, with a value of up to a maximum amount of 3 billion euro or its equivalent in other currencies, by 31 March 2012.

The bonds will enable Eni to maintain a well-balanced financial structure in terms of short term and medium/long-term debt, and may be listed on regulated markets.

Eni is an integrated energy company, committed to developing its activities in research, production, transport, transformation and marketing of oil and natural gas.

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Source: Eni, March 31, 2011;