Eni (E) said Thursday its board approved a plan to issue bonds of up to 10 billion euros ($11.55 billion) to support its financial structure.
The Italian energy company said the bonds will be issued in one or more tranches to institutional investors, depending on market conditions, through March 31, 2028.
Proceeds will be used for general corporate purposes, Eni said.
Shares of Eni were up 3.5% in Thursday trading.
Price: 56.78, Change: +1.90, Percent Change: +3.45
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