BIT:ENELElectric Utilities
How Hybrid Debt Issuance And Brazilian Scrutiny At Enel (BIT:ENEL) Has Changed Its Investment Story
In early January 2026, Enel S.p.A. issued two fixed-to-floating rate subordinated perpetual hybrid notes totaling about €2.00 billion, while its São Paulo distribution arm faced federal investigations and fines over past large-scale electricity outages impacting millions of Brazilian customers.
This combination of balance-sheet funding via hybrid debt and mounting regulatory scrutiny in a key Latin American market raises important questions about Enel’s risk profile and operational...