On August 27, E.ON successfully issued two tranches of green bonds with a combined volume of 1.1 billion euro: a 500 million euro series of green bonds maturing in September 2031 and carrying a 3% coupon, and a 600 million series of green bonds maturing in September 2035 and carrying a 3.5% coupon.

Thus, approximately 70% of the financing for 2025 was achieved through green bonds, significantly exceeding the target of over 50%.

“With today’s green bond issuance, we have successfully covered our financing needs for 2025. Approximately 70% of the financing is provided through green bonds. This underlines our commitment to supporting the green transformation of the European energy system through sustainable financing. Given the pre-financing in 2024, this year’s volume remains below our usual annual level,” said E.ON CFO Nadia Jakobi.

The second and final public euro transaction of this year covers the financing needs for 2025, the company said. The financing volume for 2025, at 3 billion euro, remains below the usual annual level of 3.5-5 billion.

The transactions attracted strong demand from investors, with a cumulative order book of over 2.75 billion euro.

The proceeds from both tranches of green bonds will finance and refinance eligible green projects as defined in the E.ON Green Bond Framework, which is fully aligned with the EU taxonomy. Barclays, BNP, ING and SMBC acted as active agents in the transaction.