E.ON successfully completes bond buyback


As announced last November, E.ON intends to use part of the proceeds from the sale of operations to reduce its group debt. In this regard, E.ON made a two-step offer to bondholders on 24 January to repurchase several bonds with a total nominal value of approx. € 7billion. The two-week term for the offer expired last Friday. In a first step, € 1.15billion of three bonds have been bought back. In the second week, E.ON then made another limited buyback offer of €650 million for three further bonds through an auction procedure. In this second step, E.ON bonds with a total nominal value of €777 million were tendered and E.ON accepted €656 million thereof. Only those bonds tendered at the minimum price offered by E.ON have been repurchased. As a result, bonds with a total nominal value of €1.81 billion have been bought back and E.ON’s gross debt is reduced accordingly. On 8 February as settlement date, E.ON will thus successfully complete the largest bond buyback by a European corporate since the start of the financial crisis.

This press release may contain forward-looking statements based on current assumptions and forecasts made by E.ON Group management and other information currently available to E.ON. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. E.ON AG does not intend, and does not assume any liability whatsoever, to update these forward-looking statements or to conform them to future events or developments.