E.ON successfully issued, in the first week of 2023, two tranches of bonds with a cumulative value of 1.8 billion euro, as follows: 800 million bonds maturing in January 2028, with a coupon (interest) of 3.5%; 1 billion euro of green bonds due January 2035 with a coupon (interest) of 3.875%, the company said. Thus, 12-year green bonds were issued to finance sustainable projects, focused on the energy transition.

The transaction generated strong demand from investors, with a combined order book of 5.9 billion euro. Proceeds from the shorter-term bonds will be used to fund general corporate purposes, while proceeds from the longer-term bonds will be directed to the financing or refinancing of eligible environmental projects as defined in the E.ON Bond Framework to support the environment. Together with the pre-financing of more than 1 billion euro already validated in 2022, this transaction allowed E.ON to secure important parts of the financing requirement for the beginning of 2023.

Company officials added that J.P. Morgan, Morgan Stanley, MUFG Securities and Commerzbank brokered the transaction.

Autor: Bogdan Tudorache

Active in the economic and business press for the past 26 years, Bogdan graduated Law and then attended intensive courses in Economics and Business English. He went up to the position of editor-in-chief since 2006 and has provided management and editorial policy for numerous economic publications dedicated especially to the community of foreign investors in Romania. From 2003 to 2013 he was active mainly in the financial-banking sector. He started freelancing for Energynomics in 2013, notable for his advanced knowledge of markets, business communities and a mature editorial style, both in Romanian and English.