E.ON successfully raises €2.25 billion of bonds – €1 billion again as green bond

01/09/2020

  • Early refinancing of 2020 bond redemptions
  • Green bond issuance to fund sustainable infrastructure and energy efficiency projects
  • All bonds met very high investor demand

Today, E.ON issued three bond tranches with a combined volume of €2.25 billion. The high level of demand enabled E.ON to secure favorable interest terms across all maturities:

  • €750 million bond maturing in December 2023 with coupon of 0%
  • €1 billion green bond maturing in September 2027 with coupon of 0.375%
  • €500 million bond maturing in December 2030 with coupon of 0.750%

The transaction was executed by an international bank consortium. BNP Paribas, Deutsche Bank, J.P. Morgan and Santander served as active bookrunners.

This €2.25 billion transaction followed a series of smaller issuances at the end of last year. The proceeds are intended to be used to refinance all bonds that are scheduled to mature in 2020 and to fund sustainable infrastructure and energy efficiency projects.

E.ON’s CFO Marc Spieker: “With its investments in smart energy networks and sustainable customer solutions, E.ON is one of the leading companies driving the energy transition in Europe. This next successful green bond issuance shows that we are living up to our promise to include sustainability as an integral part of our funding structure.”

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

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.