Eni places €2bn hybrid bonds

Italian energy firm Eni launched May 4 two hybrid bonds for general financing purposes worth a total €2($2.4)bn on the international Eurobond market, with total orders of more than €7bn. The orders came mainly from the UK, France, Germany and Italy, it said later that day.

The six-year bond gives an annual fixed coupon of 2.00% and the nine-year bond gives an annual fixed coupon of 2.75%. They are both governed by English law and will trade on the Luxembourg stock exchange.