Counterparty risk concerns drive Enel to bond market

Profile: Alessandro Canta

The Enel logo is displayed on a hydrogen plant near Venice, Italy

Funding capital projects and acquisitions for Enel, Italy’s largest electricity generator and distributor, has been a challenge since the start of the financial crisis. Concerns about the strength of Europe’s banks haven’t made life any easier for the company’s head of group finance, Alessandro Canta.

European supervisors tried to restore faith in the continent’s banks in July this year by publishing the results of a European Union-wide stress-test exercise. However, Enel has not changed its

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