E.On issues €750M green bond

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.”

 

Further reading

Download your copy of the monthly New Power Report here, we’ve made the April issue free to download 

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