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EnBW issues hybrid bond with 62-year maturity

€ 1 billion bond supports EnBW‘s good credit standing

The key bond terms at a glance:

Maturity
2076
Maturity
Volume
2076
€ 1 billion
Maturity
Term to maturity
2076
Approx. 62 years
Maturity
Initial coupon
2076
3.625%
Maturity
Issue price
2076
99.236%
Maturity
Security Codes
2076
ISIN: XS1044811591
WKN: A11P78
Common Code: 104481159
Maturity
Key bond features
2076
  • First interest payment date: 2 April 2015
  • Call options for the issuer for the first time on 2 April 2021 and every 5 years thereafter
  • EnBW has the right to suspend interest payments. However, such payments must be made at a later date when EnBW distributes a dividend
  • Expected bond rating: Baa2 (Moody’s), BBB- (S&P)
  • Subordinated
  • Denominations of € 1,000
  • For full terms and conditions please see prospectus as of 10 March 2014
Maturity
Structuring banks
2076
Deutsche Bank AG und HSBC
Maturity
Syndicate banks
2076
Barclays, Credit Suisse, Deutsche Bank AG, HSBC and Société Générale
Maturity
Stock exchange
2076
Luxembourg and Frankfurt
Maturity
2076
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