Funding Instruments

E.ON makes use of different funding instruments. In addition to bonds, commercial papers and other opportunistic financing structures (such as promissory notes or private placements), E.ON also has access to a five-year, €3.5 billion syndicated revolving credit facility with ESG feature, which was concluded on October 24, 2019, and which includes two options to extend the facility, in each case for one year. With this facility, E.ON continues to emphasize its sustainability strategy and consistent efforts for a climate friendly development of the energy world: by linking the credit margin to the performance of certain ESG ratings, E.ON sets itself financial incentives to pursue a sustainable corporate strategy. These ESG ratings are determined by three well-established agencies: ISS ESG, MSCI ESG Research, and Sustainalytics. This facility is undrawn on and rather serves as a reliable, ongoing general liquidity reserve for the E.ON Group. The credit facility is made available by 21 banks which constitute E.ON’s core group of banks.

At year-end 2019, E.ON's financial liabilities amount to approx. €29.5 bn.

These are split up as follows:

E.ON's Financial Liabilities
EUR in billions Dec 31, 2019 Dec 31, 2018
Bonds1) 24.6 9.0
denominated in EUR 15.6 4.0
denominated in GBP
7.6 3.8
denominated in USD
0.9 0.9
denominated in JPY
0.3 0.2
denominated in other currencies
0.2 0.1
Promissory notes 0.0 0.1
Commerical papers 0.1 -
Other liabilities
4.6 1.6
Sum 29.5 10.7
1)Includes private placements