innogy successful at capital market

05/24/2018

  • Energy company places two senior bonds
  • Total volume of one billion euros

Today, innogy SE successfully placed two senior bonds with a volume of 500 million euros each and maturities of 4.5 and 8 years. The bonds were placed via innogy Finance B.V and are guaranteed by innogy SE. Based on yearly coupons of 0.75% and 1.625%, issue prices of 99.798% and 99.874% the yield-to-maturities amount to 0.796% p.a. and 1.642% p.a. Despite a generally difficult market environment, the transaction was met with high levels of interest and was significantly oversubscribed.

Since innogy's IPO, this has been the company's fourth bond issuance. Bookrunners for the issuance were Bayrische Landesbank, Commerzbank, Deutsche Bank, Goldman Sachs, ING, J.P. Morgan, NatWest and UniCredit.