E.ON issues green bonds of €1.5 billion

Alina Oprea
The E.ON Group has announced that it is issuing green bonds of €1.5 billion, in the first days of 2024. The green bonds will be used to pre-finance sustainable projects and to boost the energy transition. Barclays, ING, SMBC, and Société Générale acted as active agents in the transaction.

"E.ON successfully issued, in the first days of 2024, two tranches of bonds with a combined volume of €1.5 billion, as follows: bonds of €750 million maturing in January 2031 and coupon of 3.375%; green bonds of €750 million due in January 2036 and a coupon of 3.750%", the group announces.

The transaction attracted strong investor demand, with a combined order book of more than €4.6 billion. Together with the pre-financing of €1.5 billion from August 2023, E.ON managed, since the beginning of this year, to secure significant parts of the financing requirement for 2024.

The proceeds from the green bonds will finance and/or refinance eligible green projects as defined in the E.ON Green Bond Framework.

"With today's bond issue, we have set another cornerstone to cover our financing needs for 2024. Investor demand reflects continued confidence in E.ON as a stable, growth- and investment-oriented company. Green bonds allow us to finance sustainable projects that drive further decarbonization of energy systems. This underlines our position as a key player in the energy transition in Europe," says E.ON's CFO Marc Spieker.

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