ENLAY - Enel SpA

Other OTC - Other OTC Delayed Price. Currency in USD
7.55
-0.03 (-0.40%)
At close: 3:55PM EDT
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Previous Close7.58
Open7.54
Bid0.00 x 0
Ask0.00 x 0
Day's Range7.53 - 7.60
52 Week Range4.84 - 7.60
Volume585,254
Avg. Volume221,212
Market Cap77.122B
Beta (3Y Monthly)0.24
PE Ratio (TTM)15.83
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield0.31 (4.11%)
Ex-Dividend Date2019-07-22
1y Target EstN/A
Trade prices are not sourced from all markets
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  • Reuters

    UPDATE 1-Brazil awards contracts for 2.98 gigawatts of new power projects

    The Brazilian government awarded on Friday contracts for companies to build new power generation installations with combined capacity of 2.98 gigawatts, that will cost about 11.16 billion reais ($2.71 billion) to be built. According to the power trading chamber CCEE, the new plants, which will need to be operational in six years, will sell energy for an average price of 176 reais per megawatt, a 33% discount over the initial price at the auction. France's Voltalia, Norway's Statkraft and Brazil's Eneva are among the winning bidders.

  • ESG Debt: A User’s Guide to Ever-Growing Menu of Bonds And Loans
    Bloomberg

    ESG Debt: A User’s Guide to Ever-Growing Menu of Bonds And Loans

    (Bloomberg) -- ESG is one of the fastest-growing sectors of the debt market by volume and one of the most varied by deal type.Bond issuers have sold or offered green, green transition, social and sustainable development notes in just the last week or so. In addition, Enel SpA priced the first sustainability-linked bonds in euros.The loan market has also embraced debt related to ESG, or the idea of using environmental, social and governance factors to measure the sustainability and ethical impact of a business. More than $100 billion of loans with pricing linked to ESG targets have been issued since the first deal in 2017.Globally, bond and loan issuers have sold more than $320 billion of green and sustainable deals this year surpassing 2018’s full-year total of $309 billion, according to data compiled by Bloomberg and BloombergNEF.Here’s a guide to different ESG bonds and loans:Sustainability-Linked BondsItalian utility Enel broke new ground in the bond market by selling notes with coupons linked to specific environmental targets. In recent euro and dollar deals, the company pledged to increase payments to bondholders if it failed to meet goals such as increasing reliance on renewable energy.The structure differs from traditional green bonds because there are no restrictions on how Enel can use the proceeds from the notes. Still, the potential coupon step-up gives the company an incentive to meet its environmental targets. Whether more issuers adopt this model may partly depend on investor appetite for bonds with uncertain coupon levels.The targets set by Enel align with the United Nations’ Sustainable Development Goals -- a key reference point for judging whether an investment is socially responsible.Sustainability-Linked LoansThe Enel bonds replicated a common model from the loan market, with the link between pricing and ESG outcomes. Loan borrowers, particularly in Europe, now often get ESG-related incentives for revolving credit facilities and term loans. The structure -- sometimes called a positive incentive loan -- has also found its way into leveraged loans and Germany’s Schuldschein market.Interest rates are tied to measurable key performance indicators, or KPIs, such as waste or emissions levels, or to an independent ESG rating. As with the bond version, there are no restrictions on how proceeds from these loans can be used, which helps explain their growing popularity. The boom contrasts with a decline in green loans, where funds have to be used for specific environmental purposes.Worldwide, companies raised $62 billion of sustainability-linked loans in the first nine months of the year, surpassing 2018’s full-year total, according to Bloomberg data.Green, Social and Sustainability BondsGreen bonds have been the bedrock of the ESG debt market since their introduction more than a decade ago. Issuance is still steadily growing, with borrowers already selling at least $188 billion this year, according to BloombergNEF data.What makes a green bond is the use of proceeds as the money must be spent on environmentally friendly investments. PepsiCo Inc., for instance, issued a $1 billion bond last week, for projects including eco-friendly plastics and cleaner transportation. The appeal to borrowers is the chance to lock in long-term funding and earn environmental kudos.Coupons on green bonds are fixed, and unrelated to the wider ESG performance of the company. One of the main controversies is ‘greenwashing’ or whether issuers are overstating the environmental benefits of a project. Another is whether securities sold by a ‘pure play’ green companies, such as renewable-energy providers, are by definition green bonds. Some investors would say yes, others don’t agree.Proceeds from social bonds, or social-impact bonds, are used for non-environmental projects that benefit society such as affordable housing or food security. For instance, CaixaBank SA pledged to use funds from a 1 billion-euro ($1.1 billion) bond last month to fight poverty and create jobs. Sustainability bonds are used for both environmental and social goals.Many market participants use guidelines from International Capital Market Association, a trade group, or Climate Bonds Initiative, a nonprofit organization, to determine whether a bond is eligible for an ESG label and which one.Adding to this already busy list, development banks have their own terms for the green and sustainable bonds they issue, some of which will be classified as green by organizations such as ICMA and some which of won’t be. Recent examples include the European Bank for Reconstruction & Development’s green transition bond issuance framework and the European Investment Bank’s climate awareness bond program.Transition BondsThis is a relatively new type of note that offers an alternative option for issuers that may struggle to access the green-bond market. Rather than focusing on the use of the proceeds or the profile of the issuer, a transition bond is about an issuer’s behavior.An example would be an oil refiner seeking funds to reduce pollution at its plant. The project would clearly produce some environmental benefits. Still, some green-bond investors would refuse to buy any notes from an oil company because of opposition to fossil fuels. Italian utility Snam SpA and Brazilian beef producer Marfrig Global Foods SA have sold transition bonds this year.To contact the reporter on this story: Jacqueline Poh in London at jpoh39@bloomberg.netTo contact the editors responsible for this story: Hannah Benjamin at hbenjamin1@bloomberg.net, Neil Denslow, Tom FrekeFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Update: Enel (BIT:ENEL) Stock Gained 73% In The Last Three Years
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    Update: Enel (BIT:ENEL) Stock Gained 73% In The Last Three Years

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  • Reuters

    UPDATE 2-European shares tread water with Fed decision looming

    European shares ended flat on Wednesday, as gains for the defensive real estate and utilities sectors were countered by losses in luxury good makers, with caution prevailing ahead of the U.S. Federal Reserve's interest rate decision. After flitting between small gains and losses during the session, the pan-European STOXX 600 closed with a tiny 0.02% gain as investors awaited the U.S. central bank's monetary policy statement due at 1800 GMT. With a rate cut from the U.S. central bank near-certain investors will be focussed on forward guidance, as policymakers are deeply divided on the need for further easing amid improving U.S. economic data.

  • Enel SpA (BIT:ENEL) Delivered A Better ROE Than Its Industry
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  • Moody's

    Enel Russia, PJSC -- Moody's confirms Enel Russia's Ba3 rating, stable outlook

    Moody's Investors Service ("Moody's") has today confirmed Enel Russia, PJSC's (Enel Russia) Ba3 Corporate Family Rating (CFR) and Ba3-PD Probability of Default Rating (PDR). The outlook has been revised to stable, from rating under review. The action completes the review for downgrade initiated on 13 June 2019 following Enel Russia's announcement to sell its largest generating asset Reftinskaya GRES (RGRES) to the electricity-generating arm of SUEK JSC (Ba2, stable) for RUB21 billion (around $323 million), plus a contingent component of RUB3.0 billion.

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    It Might Be Better To Avoid Enel SpA's (BIT:ENEL) Upcoming 2.1% Dividend

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  • Moody's

    ENEL Finance International N.V. -- Moody's changes outlook on Enel to positive; affirms ratings

    Moody's Investors Service ("Moody's") has today changed to positive from stable the outlook on ENEL S.p.A. ("Enel" or "the group"). Moody's has also affirmed the Baa2/(P)Baa2 senior unsecured ratings of Enel. At the same time, Moody's has changed to positive from stable the outlook on the guaranteed subsidiaries ENEL Investment Holding B.V. and ENEL Finance International N.V. Moody's has also affirmed their Baa2/ (P)Baa2 senior unsecured ratings, the debt Enel has assumed of ENEL Finance International S.A., the Prime-2 (P-2) short-term rating of ENEL Finance International N.V., and the Ba1 rating of Enel's subordinated debt (also known as "Hybrids").

  • Moody's

    Enel Russia, PJSC -- Moody's places Enel Russia on review for downgrade

    Moody's Investors Service ("Moody's") has today placed Enel Russia, PJSC's (Enel Russia) Ba3 Corporate Family Rating (CFR) and Ba3-PD Probability of Default Rating (PDR) on review for downgrade following its announcement to sell its largest generating asset Reftinskaya GRES to the electricity-generating arm of SUEK JSC (Ba2, stable) for RUB21 billion (around $323 million), plus a contingent component of RUB3.0 billion. The transaction is subject to the approval of the Russian Federal Antimonopoly Service and to the shareholders' approval which should be obtained on 22 July 2019. Moody's expects Enel Russia to exclude Reftinskaya GRES from its financials by end-2020 at the latest.

  • Moody's

    ERNA S.R.L. -- Moody's assigns definitive ratings to CMBS notes issued by ERNA S.R.L.

    Rating Action: Moody's assigns definitive ratings to CMBS notes issued by ERNA S.R.L. Global Credit Research- 04 Jun 2019. EUR 300 million of CMBS rated.

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  • Moody's

    Eletropaulo Met. De Elet. de Sao Paulo -- Moody's assigns Ba1/Aaa.br ratings to Eletropaulo´s debentures

    Moody´s América Latina ("Moody´s") assigned Ba1/Aaa.br (Global Scale and Brazilian National Scale, respectively) ratings to the issuance of BRL1.5 billion senior unsecured debentures maturing in May 2026 planned by Eletropaulo Metropolitana de Eletricidade de São Paulo S.A (Eletropaulo). Issuance proceeds will serve to partly refinance Eletropaulo's debts and also support its capital investment program. Should issuance conditions and/or final documentation deviate from the original ones submitted and reviewed by the rating agency, Moody's will assess the impact that these differences may have on the ratings and act accordingly.

  • Moody's

    ENEL S.p.A. -- Moody's assigns Ba1 rating to hybrid notes issued by ENEL S.p.A.; stable outlook

    Moody's Investors Service ("Moody's") has today assigned a Ba1 long-term rating to the Capital Security (the junior subordinated "Hybrid") to be issued by ENEL S.p.A. ("Enel"). The Ba1 rating assigned to the Hybrid is two notches below Enel's senior unsecured rating of Baa2, reflecting the features of the Hybrid. It is very long-dated, deeply subordinated and Enel can opt to defer coupons on a cumulative basis.

  • Moody's

    ERNA S.R.L. -- Moody's assigns provisional ratings to notes to be issued by ERNA S.R.L.

    Rating Action: Moody's assigns provisional ratings to notes to be issued by ERNA S.R.L. Global Credit Research- 09 May 2019. Approximately EUR 300 million of CMBS rated.

  • Moody's

    Enel Generacion Chile S.A. -- Moody's announces completion of a periodic review of ratings of Enel Generacion Chile S.A.

    Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Enel Generacion Chile S.A. New York, May 07, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Enel Generacion Chile S.A. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.

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  • Moody's

    Endesa Capital, S.A. -- Moody's announces completion of a periodic review of ratings of Endesa S.A.

    Announcement: Moody's announces completion of a periodic review of ratings of Endesa S.A. London, 29 March 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Endesa S.A. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.

  • Moody's

    International Endesa B.V. -- Moody's announces completion of a periodic review of ratings of Endesa S.A.

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