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EnBW issues first green hybrid bonds

€ 1 billion bond issues maturing 2079 / Proceeds for renewable energies / Green Financial Framework reviewed by sustainability agency ISS-oekom
Green Bond
Green Bond

Information on the green hybrid bonds at a glance:

Volume
EUR 500 million
EUR 500 million
Volume
Term to maturity
EUR 500 million
60.25 years
EUR 500 million
60 years
Volume
Initial coupon
EUR 500 million
1.125 %
EUR 500 million
1.625 %
Volume
Issue price
EUR 500 million
100 %
EUR 500 million
100 %
Volume
ISIN
EUR 500 million
XS2035564975
EUR 500 million
XS2035564629
Volume
Issuer
EUR 500 million
EnBW Energie Baden-Württemberg AG
Volume
Bond rating
EUR 500 million
Baa2 (Moody’s), BBB- (S&P), BBB (Fitch)
Volume
First interest payment date
EUR 500 million
5 November 2019
EUR 500 million
5 August 2020
Volume
Denomination
EUR 500 million
EUR 100,000.00
Volume
Further key bond features
EUR 500 million
• 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 hybrid prospectus.
Volume
Joint Global Coordinators and Joint Structuring Advisors
EUR 500 million
BNPP (B&D) / Deutsche Bank
Volume
Joint Lead Managers
EUR 500 million
Barclays, BayernLB, BNPP, Citi, Deutsche Bank, HSBC, Morgan Stanley
Volume
Legal advisory
EUR 500 million
Clifford Chance Deutschland LLP (EnBW);
Linklaters LLP (Banks)
Volume
Stock exchange
EUR 500 million
Luxembourg
EUR 500 million

Further information:

EnBW Green Financing Framework:

https://www.enbw.com/media/investoren/docs/news-und-publikationen/green-financing-framework.pdf

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

www.issgovernance.com/about/about-iss/

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