E.ON issues €750m green bond

The funds raised will support sustainable infrastructure and energy efficient projects

Despite significant market disruptions during past weeks due to Covid-19, E.ON has issued a green bond worth €750 million (£661m).

It says the green bond with a tenor of 5.5 years will fund sustainable infrastructure and energy efficiency projects.

E.ON claims also it was able to secure favourable interest terms, a coupon of 1%, as a result of a “significant investor demand leading to eight times oversubscribed orderbooks.”

The issue was carried out by an international consortium of banks.

Marc Spieker, E.ON’s CFO, said: “We very much appreciate today’s successful placement. The strong investor demand for E.ON’s bonds underpins capital market’s trust in our strategic direction and our resilient business model.”

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