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Eni (NYSE: E) clears up to €10B bonds and confirms €0.27 per-share 2025 tranche

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Filing Sentiment
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Form Type
6-K

Rhea-AI Filing Summary

Eni S.p.A. reports that its Board of Directors has approved the possible issuance of one or more bonds, to be placed with institutional investors, for up to a maximum aggregate amount of €10 billion (or equivalent in other currencies) in one or more tranches by 31 March 2028. The bonds, if issued, are intended to help maintain Eni’s well-balanced financial structure and fund general corporate purposes, and may be listed on one or more regulated markets.

The Board also approved the fourth tranche of the provision in place of the 2025 dividend, authorizing a distribution of €0.27 per share from Eni S.p.A. available reserves, bringing the total annual provision in place of the dividend to €1.05 per share. The fourth tranche applies to shares outstanding at the ex-dividend date of 18 May 2026 and is payable on 20 May 2026. Holders of ADRs outstanding at the record date of 19 May 2026 will receive €0.54 per ADR, payable on 5 June 2026, with each ADR representing two Eni shares.

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Insights

Eni pairs a sizable bond authorization with continued 2025 cash returns.

Eni’s Board has cleared a bond issuance program of up to €10 billion through March 2028, targeted at institutional investors. This framework gives flexibility to tap debt markets in multiple tranches and currencies, supporting general corporate purposes while aiming to preserve what it calls a well-balanced financial structure.

At the same time, the Board confirmed shareholder cash returns by approving the fourth tranche of the provision in place of the 2025 dividend at €0.27 per share, within a total annual provision of €1.05. ADR holders are set to receive €0.54 per ADR on 5 June 2026. The combination suggests an intent to maintain both funding capacity and ongoing distributions, with actual leverage effects depending on how much of the bond capacity Eni ultimately uses.

Bond authorization €10 billion Maximum aggregate amount of bonds approved, to be issued by 31 March 2028
Fourth 2025 tranche per share €0.27 per share Fourth tranche of provision in place of 2025 dividend
Total 2025 provision per share €1.05 per share Total annual provision in place of 2025 dividend
ADR payment amount €0.54 per ADR Fourth 2025 tranche for ADRs, each representing two Eni shares
Bond issuance window end 31 March 2028 Latest date for issuing approved bond tranches
Share ex-dividend date 18 May 2026 Ex-dividend date for fourth 2025 tranche
Share payment date 20 May 2026 Payment date for fourth 2025 per-share distribution
ADR payment date 5 June 2026 Payment date for ADR distribution related to fourth 2025 tranche
bond issue financial
"Eni: Board of Directors approves bond issue"
aggregate amount financial
"with a value up to a maximum aggregate amount of 10 billion euro"
institutional investors financial
"to be placed with institutional investors according to market condition"
Institutional investors are large organizations, like pension funds, insurance companies, and mutual funds, that invest huge amounts of money on behalf of many people. Their decisions can influence the economy because they buy and sell big chunks of stocks, bonds, or other assets. They matter because their actions can affect market prices and trends.
available reserves financial
"from Eni S.p.A. available reserves of € 0.27"
ADR financial
"Holders of ADRs, outstanding at the record date of 19 May 2026"
An American Depositary Receipt (ADR) is a financial certificate that lets investors buy shares of a foreign company through U.S. stock markets, similar to buying a local wrapper that represents the underlying foreign shares. ADRs matter because they make investing in overseas companies easier and more liquid by trading in U.S. dollars and under U.S. market rules, while still carrying currency, regulatory, and country-specific risks that can affect share value.
record date financial
"outstanding at the record date of 19 May 2026, will receive € 0.54 per ADR"
The record date is the specific day when a company determines which shareholders are eligible to receive a dividend or participate in an upcoming vote. It’s like a cutoff date; if you own the stock on that day, you get the benefits or voting rights. This date matters because it decides who qualifies for certain company benefits.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

What bond issuance has Eni (E) approved in the April 2026 report?
Eni’s Board approved the possible issuance of bonds up to a maximum aggregate amount of €10 billion, or equivalent in other currencies, to be placed with institutional investors in one or more tranches by 31 March 2028, for general corporate purposes.

When are the key dates for Eni’s fourth 2025 dividend tranche?
The ex-dividend date for the fourth 2025 tranche is 18 May 2026. Payment to shareholders is scheduled for 20 May 2026. The record date determining who is entitled to receive the payment falls at the end of the accounting day of 19 May 2026.

What will Eni (E) ADR holders receive from the fourth 2025 tranche?
Holders of Eni ADRs outstanding at the record date of 19 May 2026 will receive €0.54 per ADR, payable on 5 June 2026. Each ADR listed on the New York Stock Exchange represents two Eni shares, matching the underlying per-share distribution.

For what purposes does Eni plan to use the potential bond proceeds?
Eni states that any bonds issued under the authorization will help maintain its well-balanced financial structure and will be used for general corporate purposes. The bonds may also be listed on one or more regulated markets, depending on issuance decisions.

Over what period can Eni issue the approved bonds to investors?
The Board’s authorization allows Eni to issue one or more bond tranches by 31 March 2028. These issuances would be placed with institutional investors and could be denominated in euro or other currencies, within the €10 billion aggregate cap.

 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

________________________

 

 

Form 6-K

 

 

Report of Foreign Issuer

Pursuant to Rule 13a-16 or 15d-16 of

the Securities Exchange Act of 1934

 

 

 

For the month of April 2026

 

 

 

Eni S.p.A.

(Exact name of Registrant as specified in its charter)

 

 

Piazzale Enrico Mattei 1 - 00144 Rome, Italy

(Address of principal executive offices)

 

_________________________

 

(Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.)

 

Form 20-F X Form 40-F

 

_________________________

 

(Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2b under the Securities Exchange Act of 1934.)

 

Yes __ No X

 

(If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): )

 

 

 

Table of contents

 

·Eni: Board of Directors approves bond issue
·Eni’s Board of Directors - Approval of the fourth tranche of the provision in place of 2025 dividend: € 0.27 per share
   

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorised.

 

 

   
  Eni S.p.A.
   
  /s/ Giulia Saba
  Name: Giulia Saba
  Title: Head of Corporate
  Secretary’s Staff Office

 

Date: April 2, 2026

 

 

 

 

 

Eni: Board of Directors approves bond issue

 

Rome, 2 April 2026 – Eni's Board of Directors, chaired by Giuseppe Zafarana, today approved the possible issuance of one or more bonds, to be placed with institutional investors according to market condition, with a value up to a maximum aggregate amount of 10 billion euro, or its equivalent in other currencies, to be issued in one or more tranches by 31 March 2028.

The bonds, if issued, will enable to maintain Eni’s well-balanced financial structure and will be used for Eni’s general corporate purposes. The bonds may be listed on one or more regulated markets.

 

 

 

 

 

Company Contacts:

 

Press Office: Tel. +39.0252031875 – +39.0659822030

Freephone for shareholders (from Italy): 800940924

Freephone for shareholders (from abroad): + 80011223456
Switchboard: +39-0659821
ufficio.stampa@eni.com

segreteriasocietaria.azionisti@eni.com

investor.relations@eni.com

Web site: www.eni.com

 

 

 

 

  

Eni’s Board of Directors

 

Approval of the fourth tranche of the provision in place of 2025 dividend: € 0.27 per share

 

Rome, 2 April 2026 – Eni’s Board of Directors, chaired by Giuseppe Zafarana, today resolved to distribute to Shareholders the fourth of the four tranches of the provision in place of the 2025 dividend1 from Eni S.p.A. available reserves of € 0.27 (compared to a total annual provision, in place of the dividend, equal to € 1.05) per share outstanding at the ex-dividend date as of 18 May 20262, payable on 20 May 20263, as resolved by the Shareholders’ Meeting of 14 May 2025.

Holders of ADRs, outstanding at the record date of 19 May 2026, will receive € 0.54 per ADR, payable on 5 June 20264, with each ADR listed on the New York Stock Exchange representing two Eni shares.

 

Eni Company Contacts:

 

Press Office: Tel. +39.0252031875 – +39.0659822030

Freephone for shareholders (from Italy): 800940924
Freephone for shareholders (from abroad): +39.800 11 22 34 56

Switchboard: +39.0659821

ufficio.stampa@eni.com

segreteriasocietaria.azionisti@eni.com

investor.relations@eni.com

Website: www.eni.com

 

 

 

 

 

 

 

1 Coupon No. 54.

2 Depending on the recipient’s fiscal status the payment is subject to a withholding tax or is treated in part as taxable income.

3 Pursuant to article 83-terdecies of the Italian Legislative Decree no. 58 of February 24, 1998, the right to receive the payment is determined with reference to the entries on the books of the intermediary – as set out in art. 83-quater, paragraph 3 of the Italian Legislative Decree no. 58 of February 24, 1998 – at the end of the accounting day of 19 May 2026 (record date).

4 On ADR payment date, Citibank, N.A. will pay net of the amount of the withholding tax under Italian law applicable to all Depository Trust Company Participants.

 

 

 

 

Source: View Original Filing on SEC EDGAR