E.ON Issues €1.3 Billion In New Green Bonds, Covering Most Of Its 2026 Funding Requirements

E.ON has completed its second Eurobond transaction of the year, helping the company address most of its remaining funding requirements for 2026. With this latest issuance, E.ON has reached a total funding volume of €4.3 billion so far in the year, supported by a broader mix of financing sources outside the traditional Eurobond market.

A significant portion of this funding, around 72 percent, has been raised through green financing instruments—well above the company’s target of at least 50 percent.In this new transaction, E.ON issued two green bond tranches amounting to €1.3 billion in total. The first tranche consists of €650 million set to mature in May 2031 with a coupon rate of 3.475 percent.

The second tranche also amounts to €650 million and will mature in May 2036 with a coupon rate of 4.053 percent. These bonds continue to support E.ON’s strategy of aligning its financing activities with sustainability goals.E.ON CFO Nadia Jakobi explained that despite recent market volatility, the company has already secured most of its required funding for 2026.

She noted that E.ON’s success this year is also due to its efforts to diversify funding sources, which has resulted in raising approximately €1.4 billion outside the Eurobond market. This approach ensures that the company maintains stable and efficient access to capital needed for its investment plans. With the majority of its funding now coming from green instruments, E.ON is on track to exceed its annual target and strengthen its role in Europe’s energy transition.

Funds raised from the two green bond tranches will be used to finance or refinance projects classified as Eligible Green Projects under E.ON’s Green Financing Framework, which is fully aligned with the EU taxonomy. The transaction was supported by Commerzbank, Crédit Agricole CIB, Goldman Sachs Bank Europe SE, and J.P. Morgan, which served as active bookrunners.