Corporate Risk Manager of the Year - Enel



The finance department at Italian electricity company Enel has a clear mandate: to reduce and then stabilise cost of capital. It is a simple goal, and one that it has attained. Enel’s weighted average cost of debt stood at 4.4% for the first nine months of the year, falling from 5.9% in 1999 and 7.6% in 1997.

To achieve this, however, the former state-owned monopoly has taken a strong and simple stance on derivatives – which it now considers just one set of tools to manage its e25

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: