E.ON successfully raises €2.0 billion of bonds – €0.5 billion again as green bond

5/13/2020

  • Additional €500 million in climate-friendly investments funded with the green bond proceeds
  • E.ON represents the largest German corporate green bond issuer with €4.6 billion outstanding
  • Successful prefunding of innogy squeeze-out

Today, E.ON issued three bond tranches with a combined volume of €2.0 billion. The high level of demand enabled E.ON to secure favorable interest terms across all maturities:

  • €1 billion bond maturing in April 2023 with coupon of 0.375 percent
  • €0.5 billion bond maturing in February 2028 with coupon of 0.750 percent
  • €0.5 billion green bond maturing in August 2031 with coupon of 0.875 percent

E.ON already represents the largest German corporate green bond issuer. Today’s issue of €500 million of green bonds is intended to be used to fund sustainable infrastructure and energy efficiency projects, bringing E.ON’s outstanding volume of green bond to €4.6 billion. The proceeds of the other two tranches are intended to be used to prefund the innogy squeeze-out.

E.ON’s CFO Marc Spieker: “With this transaction we successfully finance part of the innogy squeeze-out that we expect to close in the coming months. The green tranche helps us to drive further the energy transition in Europe and goes hand in hand with our communication yesterday to invest additional €500 million in climate-friendly upgrades of energy infrastructure.”

E.ON's Green Bond Framework and the Second Party Opinion (a certification by the renowned rating agency Sustainalytics) are available online at:

www.eon.com/greenbond

www.eon.com/sustainability

The transaction was executed by an international bank consortium. Barclays, BofA Securities, Commerzbank and Société Générale served as active 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 align them to future events or developments.