Wednesday, June 13, 2007

Enel Funds Endesa Bid With 4.97 Billion Euros of Debt in Biggest Bond Sale

(Bloomberg) -- Enel SpA, Italy's largest utility,
raised 4.97 billion euros ($6.61 billion) in the world's biggest
bond sale this year to help finance its bid for Endesa SA.

Today's debt sale almost doubles the Rome-based company's
outstanding bonds to 11.31 billion euros, according to data
compiled by Bloomberg. Enel bought is paying 43.7 billion euros
for Madrid-based Endesa.


Read more at Bloomberg Bonds News

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