E.ON Raises €1.5 Billion Through Green Bonds for Future Sustainability Projects and Prefunding 2024 Needs

E.ON Raises €1.5 Billion Through Green Bonds for Future Sustainability Projects and Prefunding 2024 Needs

(IN BRIEF) E.ON has successfully issued two green bond tranches totaling €1.5 billion to prefund parts of its 2024 funding needs. The bonds have maturities of 8 years and 12 years, with coupons of 3.75% and 4.00% respectively. The issuance was met with high demand from investors, indicating alignment with E.ON’s sustainability-focused strategy. The funds raised through the green bonds will be used to finance or refinance eligible green projects, contributing to the company’s commitment to invest €33 billion in the energy transition by 2027. The attractive market environment enabled E.ON to fulfill funding needs for the upcoming year while addressing 2023 needs earlier this year through a €1.8 billion bond issuance.

(PRESS RELEASE) ESSEN, 23-Aug-2023 — /EuropaWire/ —

E.ON successfully issued two bond tranches with a combined volume of €1.5 billion backed by a combined peak orderbook of €4.3 billion:

• • €750 million green bond maturing in March 2029 with coupon of 3.75%
  • €750 million green bond maturing in August 2033 with coupon of 4.00%

E.ON CFO Marc Spieker said, “The high demand from investors underlines again that we are on the right track with our strategy, which is focused on sustainability, digitalization and growth. E.ON is determined to drive forward the energy transition in Europe. We want to invest a total of €33 billion 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 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.

Bank of America Securities, Deutsche Bank, Natwest Markets and Unicredit served as active bookrunners in the transaction.

E.ON’s Green Bond Framework and the Second Party Opinion (a certification by the renowned rating agency Sustainalytics) are available online at: www.eon.com/greenbond

This press release may contain forward-looking statements based on current assumptions and forecasts made by E.ON Group Management and other information currently available to E.ON. Various known and unknown risks, uncertainties, and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. E.ON SE does not intend, and does not assume any liability whatsoever, to update these forward-looking statements or to align them to future events or developments.

Media Contact:

Isabel Reinhardt
Spokeswoman
isabel.reinhardt@eon.com
tel:+49 1736840253

SOURCE: E.ON SE