E.ON’s finance strategy focuses on the capital structure. Ensuring that E.ON’s access to capital markets is commensurate with its debt level is at the forefront of this strategy.
With our target capital structure, E.ON aims to sustainably secure a strong BBB/Baa rating.
We manage E.ON’s capital structure using our debt factor, which is equal to our economic net debt divided by EBITDA; it is therefore a dynamic debt metric. Economic net debt includes not only our financial liabilities but also our provisions for pensions and asset-retirement obligations.
We aim to reduce our debt factor to about 4 over the medium term.
E.ON International Finance B.V. is our Dutch finance entity.
Helpful Answers for Retail Investors
More on our Commercial Paper Program
Program for the issuance of debt instruments.