EnBW successfully issues €500 million bond

• 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.”