E.ON successfully issues 1.5 billion Euro of green bonds to cover 2024 funding needs
Petre Barac
Posted On January 9, 2024
E.ON successfully issued two bond tranches with a combined volume of 1.5 billion Euro. The transaction attracted high investor demand with a combined orderbook of over 4.6 billion Euro.
Together with the 1.5 billion Euro pre-funding executed in August 2023, E.ON has already been able to secure significant parts of its 2024 funding needs early in the year.
E.ON CFO Marc Spieker said: “With today’s bond issuance we have set another cornerstone to cover our funding needs for 2024. The investor demand reflects the continued confidence in E.ON as a stable, investment-driven growth company. The green bonds enable us to fund sustainable projects driving the further decarbonization of energy systems. This underlines our position as the playmaker of the energy transition in Europe.”
The proceeds of the green bonds will finance and/or refinance Eligible Green Projects as defined in E.ON’s Green Bond Framework.
Barclays, ING, SMBC and Société Générale acted as active bookrunners in the transaction.
