EnBW successfully issues two senior bonds

Karlsruhe. Today, EnBW successfully placed two corporate bonds for a total issuance volume of €1.25 billion.The proceeds from the bonds will be used for the further implementation of the Company’s sustainability-oriented corporate strategy but are not earmarked for specific projects.

The two bonds have a principal amount of €500 million and €750 million and a term of 5.5 years and 12 years, respectively, combined with coupons of 3.5% and 4.0%. The issuance met with high demand from investors with an order book totaling over €3 billion.

Under its 2025 Strategy, EnBW is driving forward the energy transition in three infrastructure areas: sustainable generation infrastructure, smart infrastructure for customers and system critical infrastructure. Efforts here are centred on the expansion of renewables in combination with the expansion of electricity grids, ramping up electric mobility and establishing the future generation and supply infrastructure based on hydrogen and green gases.

CFO Thomas Kusterer: “With a balanced business portfolio and intelligent management of our financial headroom, we plan to continue our growth path and are consequently very positive about our Company’s onward development in the coming years.”

EnBW’s clear-cut strategic focus is on building a climate-neutral world and on the success of the energy transition and the transformation in transport. “We are investing in our country’s infrastructure, and that is important for society as a whole – and for EnBW itself – in order to ensure successful implementation of the energy transition and to safeguard Germany’s future as an economic powerhouse,” Kusterer continued.