German E.ON Issued Green Bonds of €1,5 Billion

One of the biggest German energy companies E.ON issued two green bonds tranches of €750 million each, accordinr to the company’s press-release.

The high level of demand enabled E.ON to secure favorable interest terms across both maturities: €750 million bond maturing in August 2024 with coupon of 0%; €750 million bond maturing in February 2030 with coupon of 0.35%.

The transaction was executed by the international bank consortium that supported E.ON’s acquisition financing. BofA Merrill Lynch, BNP Paribas, ING, Société Générale served as active bookrunners.

E.ON CFO Marc Spieker: “Sustainability runs like a red thread through the business of the new E.ON, our investments and finances. Already today, an important part of our investments leads to greater energy efficiency and climate protection. We will significantly increase this share over the coming years. Green Bonds help us financing these investments. With our Green Bonds, international investors can now participate in financing our projects that make peoples’ lives more sustainable. The low coupons of both bonds reduce E.ON‘s average financing costs and thus support our business development.”