{{1564418454000 | date:'longDate'}}

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

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/

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 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. 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.

Privacy Policy | Legal Notice