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Citi arranges €1 billion export financing framework for Enel

The €1 billion facility carries backing from Euler Hermes and includes an initial drawdown of $580 million by Enel Finance International.

Export financePublished · 4 sourced facts

Enel has put in place a €1 billion export financing framework arranged by Citi, according to reports dated July 2026.[2][3]

The export credit agency Euler Hermes provides a guarantee covering 95% of the facility.[2]

Citi coordinated the framework on a multi-borrower basis and acted as its only global coordinating bank.[1][2]

An initial loan of $580 million was drawn down in July 2026 by Enel Finance International N.V.[1][3]

Trade press coverage of the arrangement appeared on July 10, 2026.[3][4]

Sources

  1. [1]Deal announcement: Siam Commercial Bank goes live with Citi’s 24/7 US dollar clearing, Swift pilots blockchain ledger with 17 banks
  2. [2]Deal announcement: Citi leads €1bn Euler Hermes-backed financing for Enel | Global Trade Review (GTR)
  3. [3]Deal announcement: Citi leads €1bn Euler Hermes-backed financing for Enel
  4. [4]Deal announcement: Euler Hermes Archives

Deal facts restated by Stonewake from the cited public announcements and reports; figures as reported by the cited source.

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