E.ON has issued two Green Bond tranches of €750 million each. The =level of demand enabled E.ON to secure favourable interest terms across both maturities:
- €750 million bond maturing in August 2024 with coupon of 0%
- €750 million bond maturing in February 2030 with coupon of 0.35%
A Green Bond is a fixed-interest security whose proceeds are used to fund sustainable infrastructure and energy efficiency projects. E.ON has developed a Green Bond Framework. The framework focuses on sustainable projects in both the Energy Networks and Customer Solutions businesses. In the Energy Networks business these are renewable energy grid connections or projects that make our power grids smarter. In the Customer Solutions segment, projects include investments into sustainable city energy solutions, smart meters and charging stations for electric cars.
