UPDATE 1-Enel core earnings rise, debt to fall

* 9-month EBITDA beats forecast

* CEO says end-year debt will fall from Sept

* 2009 results seen above 2008 thanks to balanced mix

* new bond issue follows 10 bln euro programme approved July

* Shares down 0.06 percent

(Adds details, background, share price)

By Stephen Jewkes

MILAN, Nov 4 (Reuters) - Italian utility Enel (ENEI.MI: Quote, Profile, Research) increased core earnings in the first nine months of the year by 11.2 percent, boosted by full consolidation of its Spanish unit Endesa (ELE.MC: Quote, Profile, Research) and improved power margins, the company said on Wednesday.

Debt, which rose 8.2 percent from end-2008 to 54.071 billion euros at end September, is expected to fall by the end of the year Chief Executive Fulvio Conti said in a statement. He confirmed a debt target of 45 billion euros by end-2010.