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E.ON successfully issued two green bond tranches with a combined volume of €1.5 billion:
- €750 million green bond maturing in January 2025 with coupon of 0,875%
- €750 million green bond maturing in March 2031 with coupon of 1,625%
With a combined order book peaking at € 12 billion, the transaction attracted exceptionally high investor demand. Including the bonds with a volume of €1.3 billion issued in January, this transaction covers the majority of currently expected refinancing needs for 2022.
The proceeds of the two green bonds will be used to finance and/or refinance Eligible Green Projects as defined in E.ON’s Green Bond Framework. The bond issuance was executed by an international bank consortium. Goldman Sachs Bank Europe SE, J.P. Morgan, NatWest Markets and Santander served as active bookrunners.
E.ON has decided to issue Green Bonds to finance and refinance projects related to Renewable Energy, Energy Efficiency and Clean Transportation which fits perfectly to E.ON’s core businesses and Sustainability Strategy.