{{1592848800000 | date:'longDate'}}

EnBW issues a further green subordinated bond

Issue size €500 million, 60-year term / sustainability impact assessment by ISS ESG and CBI / CFO Thomas Kusterer: “We continue to focus on expansion in renewable energies”

Information on the subordinated bond at a glance:

Volume
EUR 500 million
Term to maturity
60 years
Initial coupon
1.875 %
Issue price
99.30 %
ISIN
XS2196328608
Issuer
EnBW Energie Baden-Württemberg AG
Bond rating
Baa2 (Moodys), BBB- (S&P), BBB (Fitch)
First interest payment date
29 June 2021
First optional redemption date
29 March 2026
Denomination
EUR 100,000.00
Further key bond features
  • EnBW has the right to suspend interest payments. However, these must be made when EnBW distributes a dividend.
  • EnBW has the right to suspend interest payments. However, these must be made when EnBW distributes a dividend.
  • Subordinate.
  • For full terms and conditions please see the prospectus.
Joint Global Coordinators and
Joint Structuring Advisors
NatWest Markets (B&D) /
Société Générale
Joint Lead Managers
BBVA / Morgan Stanley / NatWest Markets (B&D) / Société Générale / SEB / UniCredit Bank
Legal advisory
Clifford Chance Deutschland LLB (EnBW); Linklaters LLP (Banks)
Stock exchange
Luxembourg

Further information:

EnBW Green Financing Framework:

https://www.enbw.com/company/investors/bonds/green-bonds.html

About ISS: ISS ESG is one of the world’s leading ESG research and rating agencies with an established rating methodology and high market recognition. ISS ESG analyses key equities and bond issuers worldwide for their environmental, social and governance performance.

https://www.issgovernance.com/esg/ratings/

About the Climate Bonds Initiative (CBI): CBI aims at increasing investments contributing to the transition to a low-carbon and climate resilient economy. The Climate Bonds Standard and Certification Scheme is a labelling scheme for bonds, loans & other debt instruments based on rigorous scientific criteria ensuring that it is consistent with the goals of the Paris Climate Agreement.

https://www.climatebonds.net/

{{global.get('MSG_FOOTER_BACK_TO_TOP_BUTTON_LABEL')}}

Why do we use cookies and pixels?

To make your visit as convenient as possible. For this purpose, we use cookies on our website, which are technically necessary for the site operation, as well as technologies for anonymised statistical production.

With your consent, we would like to use additional cookies and pixels that allow us to display targeted information and content. We will pass your data on to third parties for this reason. For details on the technologies used, information on their revocation options or information on data transfer to third parties, please refer to our privacy policy.

If you click on "Decline", only those cookies that are technically necessary will be stored on your computer. If you click on "Agree and continue", you consent to the usage of all cookies.

Privacy Policy | Legal Notice