Enel Selling $2.3 Billion of Hybrid Bonds Advances Europe Record
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Enel SpA sold hybrid bonds in Europe where corporate issuance of the securities combining elements of debt and equity surged to a record $31 billion this year.
Italy’s biggest utility marketed $2.3 billion of notes in euros and pounds, according to data compiled by Bloomberg. Norwegian energy producer Statoil ASA issued its first bonds in euros and pounds since March 2009, while Spain’s Madrilena Red de Gas made its debut in the bond market.