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1586275500000 | Press Release

EnBW successfully issues €500 million bond

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  • Attractive terms in volatile market environment
  • Investors are supporting strategic development as an infrastructure partner

Karlsruhe. EnBW Energie Baden-Württemberg AG today issued a corporate bond with a volume of €500 million. The bond issue has a 5-year term to maturity and a coupon rate of 0.625 percent. EnBW has thus been able to obtain attractive terms in the current market environment, which is highly volatile due to the COVID-19 pandemic.

BNP Paribas, Commerzbank, Deutsche Bank, HSBC and Unicredit comprised the banking syndicate for this successful transaction, which was up to nine times oversubscribed.

EnBW only published its figures for the financial year 2019 at the end of March. With a double-digit increase in earnings, the company already met its 2020 earnings target at the end of 2019.

Thomas Kusterer, EnBW CFO: “As a result of the portfolio transformation over the last few years, EnBW now has a robust business model with stable cash flows in its operating business. It is this which provides the basis – especially in the current situation – for the business confidence shown by our investors, who are now supporting our strategic development as an infrastructure partner.”

Information on the bond at a glance:

Maturity
2025
Maturity
Issue size
2025
€500 million
Maturity
Term to maturity
2025
5 years
Maturity
Issue price
2025
99.520%
Maturity
Coupon
2025
0.625%
Maturity
Securities identification numbers
2025
ISIN: XS2156607702
Common code: 215660770
Maturity
Issuer
2025
EnBW International Finance B.V.
Maturity
Guarantor
2025
EnBW Energie Baden-Württemberg AG
Maturity
Key bond features
2025
First coupon date 17.4.2021
Expected bond ratings: A3 (Moody’s), A- (S&P), A- (Fitch)
Denomination €1,000
Maturity
Banking Syndicate
2025
BNP Paribas, Commerzbank, Deutsche Bank, HSBC, Unicredit
Maturity
Exchange
2025
Luxembourg
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Fax: Mobile: Phone:
Corporate Communications
EnBW Energie Baden-Württemberg AG
Durlacher Allee 93
76131 Karlsruhe
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