August 22 (Renewables Now) - German utility E.on SE (ETR:EOAN) on Wednesday said it has successfully raised EUR 1.5 billion (USD 1.66bn) though the issuance of green bonds, which have met very high investor demand.
The company issued the bonds in two tranches of EUR 750 million each. Details are available in the table below.
|Bond size in EUR||Maturity||Coupon|
|750 million||August 2024||0%|
|750 million||February 2030||0.35%|
E.on said it will use the proceeds to finance sustainable infrastructure and energy efficiency projects, including renewable energy grid connections, sustainable city energy solutions and charging stations for electric vehicles (EVs), as described in the company’s green bond framework.
BofA Merrill Lynch, BNP Paribas, ING, Societe Generale acted as active bookrunners.
(EUR 1.0 = USD 1.109)