E.On has successfully issued a €750 million green bond with a tenor of 5.5 years.
The comopany said that despite the significant market disruptions caused by Covid 19, it secured favourable interest terms: the bonds have a coupon of 1%. “The comparatively favourable terms stem from significant investor demand leading to eight-times oversubscribed orderbooks,” it said.
The transaction was executed by an international bank consortium. Goldman Sachs International, ING and UniCredit served as active bookrunners.
E.On’s CFO Marc Spieker: “We very much appreciate today’s successful placement. The strong investor demand for E.On’s bonds underpins capital market’s trust in our strategic direction and our resilient business model.”
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