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:
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:
The transaction was executed by an international bank consortium. Barclays, BofA Securities, Commerzbank and Société Générale served as active bookrunners.