E.ON successfully places €2 billion of bonds

05/15/17

  • Bond issuance to fund nuclear-storage solution meets with strong demand
  • E.ON secures favorable financing in wake of new strategy

E.ON took advantage of the favorable market environment and placed three euro-denominated bonds totaling €2 billion today. The high level of demand enabled E.ON to secure favorable interest terms across all maturities:

  • €750 million bond with coupon of 0.375%, maturing in August 2021
  • €500 million bond with coupon of 0.875%, maturing in May 2024
  • €750 million bond with coupon of 1.625%, maturing in May 2029

Following E.ON’s successful capital increase in March, this is new CFO Marc Spieker’s second large capital market transaction in just a few weeks: “A successful placement of this size demonstrates our ability to convince our shareholders and our bond investors of the long-term viability of our new strategy and setup. It also indicates the positive impact of the readjustment to our rating with a stable outlook as well as the resolute implementation of our deleveraging plan.”

The proceeds from the issuance will serve, among others, to fund the payment E.ON anticipates to make at mid-year in conjunction with the transfer of nuclear-storage obligations to the German government.

Deutsche Bank, Goldman Sachs International, ING, and J.P. Morgan served as active bookrunners and were supplemented by three passive bookrunners.

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 SE 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.