- Issuing volume of EUR 1 billion
- Broadening of investor base in Europe
Yesterday E.ON issued a Euro bond of EUR 1 billion via E.ON International Finance B.V. The bond was particularly focused on small and medium-sized investors in Europe. The orderbook was heavily oversubscribed and was already closed after a short period of time. The bond was placed successfully among a wide range of European investors, small and medium-sized investors received a preferred allocation.
The bond has a maturity of 6 years and carries a coupon of 5.25 percent. It was issued at a price of 99.443 percent. Joint Bookrunners are Banca IMI, BBVA, Fortis and West LB.
E.ON-CFO Marcus Schenck: “With this transaction, E.ON opened up the market for regional targeted bonds again since the beginning of the financial market crisis. The bond was the biggest regional transaction of a corporate so far. It supplements our previous benchmark bonds and as such contributes to the broadening of our investor base and a balanced maturity profile.”