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HomeFinanceE.ON successfully issues 1.5 bln euros of green bonds

E.ON successfully issues 1.5 bln euros of green bonds

German utility group E.ON successfully issued two bond tranches with a combined volume of 1.5 billion euros backed by a combined peak orderbook of 4.3 billion euros.

“The high demand from investors underlines again that we are on the right track with our strategy, which is focused on sustainability, digitalisation and growth,” said E.ON CFO Marc Spieker. “E.ON is determined to drive forward the energy transition in Europe. We want to invest a total of 33 billion euros in the energy transition by 2027. Green bonds are an important financing instrument to do this, and we will continue to use them for our financing in the future.”

The attractive market environment allowed E.ON to significantly prefund the financing needs for the upcoming fiscal year 2024, while 2023 funding needs were already covered successfully by a 1.8 billion euros bond issuance in January.

The proceeds of the green bonds will be used to finance and/or refinance Eligible Green Projects as defined in E.ON’s Green Bond Framework.

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