E.ON successfully issued two bond tranches with a combined volume of €1.5 billion backed by a combined peak orderbook of €4.3 billion:
- €750 million green bond maturing in March 2029 with coupon of 3.75%
- €750 million green bond maturing in August 2033 with coupon of 4.00%
E.ON CFO Marc Spieker said, “The high demand from investors underlines again that we are on the right track with our strategy, which is focused on sustainability, digitalization and growth. E.ON is determined to drive forward the energy transition in Europe. We want to invest a total of €33 billion in the energy transition by 2027. Green bonds are an important financing instrument to do this, and we will continue to use them for our financing in the future.”
The attractive market environment allowed E.ON to significantly prefund the financing needs for the upcoming fiscal year 2024, while 2023 funding needs were already covered successfully by a €1.8 billion bond issuance in January.
The proceeds of the green bonds will be used to finance and/or refinance Eligible Green Projects as defined in E.ON’s Green Bond Framework.
Bank of America Securities, Deutsche Bank, Natwest Markets and Unicredit served as active bookrunners in the transaction.
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
