Eni (E) said Monday it intends to place a euro-denominated perpetual hybrid subordinated bond as part of the firm's Euro medium-term note program following a board resolution from December 2025.

Euro Medium Term Note program following a board resolution from December 2025.

The proceeds from the bond aim to fund general corporate activities while supporting a well-balanced financial structure, the company said.

The company has the right to buy back the debt starting three months before the initial reset date expected in April 2032, it said.

The securities will be listed on both the Luxembourg Stock Exchange and the Borsa Italiana regulated market, Eni said.