In brief: E.ON raises €1.5 billion in bonds in first bid since Innogy take-over


E.ON has issued two further bonds of 750 million each, after “the high level of demand enabled E.ON to secure favourable interest terms across both maturities”, and the company’s recent acquisition by innogy.

Following the successful inaugural Green Bond issuance in August 2019, E.ON was again able to issue a bond with a zero coupon:

  • €750 million bond maturing in October 2022 with coupon of 0 percent
  • €750 million bond maturing in October 2026 with coupon of 0.25 percent

The transaction was executed by an international bank consortium that supported E.ON’s acquisition financing. Barclays, MUFG, Morgan Stanley, and UniCredit served as active book-runners.

Related Stories:
RWE confirms top 3 EU renewables position, carbon neutrality by 2040
August 2019: E.ON raises €1.5 billion of green bonds
E.ON secure $200 million in tax equity funding in the US, thanks to GE

Marc Spieker, E.ON’s CFO, emphasizes: “The high investor demand for this first bond placement following the innogy takeover is evidence of the positive reception of the new E.ON by our investors.”-