Nordic-Baltic TSOs conclude pre-feasibility study for hydrogen corridor
Sep 09, 2024 10:43 CESTGerman energy company E.ON SE (ETR:EOAN) successfully issued two bond tranches on Monday, raising a total of EUR 1.8 billion (USD 1.95bn).
The issuance included an EUR-800-million bond maturing in March 2032 with a coupon of 3.5%, and a EUR-1-billion green bond maturing in March 2044 with a coupon of 4.125%.
The transaction garnered significant investor interest, accumulating an order book of approximately EUR 7 billion, E.ON said.
This marked E.ON's first-ever issuance of a 20-year Eurobond. According to E.ON CFO Marc Spieker, the proceeds will be used for "pre-funding" some of the company's anticipated funding needs in 2025. The longer maturity bond is seen as aligning well with E.ON's long-term investment plans in European power grids.
“This year alone, E.ON plans to invest around EUR 7.2 billion in energy infrastructure and decarbonization solutions. Over the next five years, we plan to increase our investments in the energy transition to a total of EUR 42 billion,” Spieker said.
The proceeds from the shorter-dated bond will be used for general corporate purposes, while the green bond issuance will finance or refinance eligible green projects as defined by E.ON's Green Bond Framework.
(EUR 1.0 = USD 1.084)
Nordic-Baltic TSOs conclude pre-feasibility study for hydrogen corridor
Sep 09, 2024 10:43 CESTSEFE closes acquisition of gas grid operator Wiga
Sep 03, 2024 12:05 CESTPNE wins 24 MW of onshore wind projects in German auction
Sep 19, 2024 8:35 CESTSolar expansion in Germany slows down to 790 MW in August
Sep 18, 2024 14:19 CESTNordex to supply 6.8-MW turbines for 68-MW German wind project
Sep 18, 2024 9:08 CESTGermany awards 2.7 GW in onshore wind tender amid record interest
Sep 17, 2024 15:16 CEST