E.ON successfully kick-starts the new year by issuing a €600 million corporate bond
- The positive market sentiment was used to cover early a considerable part of 2021 funding needs
- The proceeds are mainly intended to refinance an upcoming bond maturity in April
Today, E.ON issued a bond with a volume of €600 million maturing in December 2028. The proceeds of the bond issuance are intended to be used for general corporate purposes, including the refinancing of an upcoming bond maturity in April.
With significantly lower funding needs compared to last year, having raised €600 million early on in the year, E.ON has been able to address a sizeable part of its expected 2021 funding needs and thereby continues to apply a prudent liquidity risk management.
The transaction was executed by an international bank consortium. Commerzbank, ING, Morgan Stanley and MUFG served as active bookrunners.