EnBW redeems hybrid bond initially issued in 2019
Karlsruhe. EnBW Energie Baden-Württemberg AG will redeem its hybrid bond issued in August 2019 (ISIN XS2035564975 / Common Code 203556497 / WKN A2YPEP) on 5 November 2024. The hybrid bond with a volume of EUR 500 million will be repaid at its principal amount plus accrued interest in accordance with the terms and conditions of the Notes on 5 November 2024.
Hybrid bonds continue to be an important financing instrument for EnBW. They support the Company’s credit ratings and capital structure. EnBW sees hybrid capital as a long-term element of its capital structure. Most recently, EnBW issued a hybrid bond with a volume of EUR 500 million in January 2024.
About EnBW
With over 28,000 employees, EnBW is one of the largest energy companies in Germany and Europe. It supplies around 5.5 million customers with electricity and gas. As part of its transformation from a traditional energy company to a sustainable infrastructure group, the expansion of renewable energy sources and of the distribution and transmission grids for electricity, gas and hydrogen are cornerstones of EnBW's growth strategy and the focus of its investments. Until 2030, EnBW plans gross investments of €40 billion, around 90 percent of which will be invested in Germany. By then, around 80 percent of EnBW's generation portfolio is to consist of renewable energies, and the company aims to phase out coal by the end of 2028. These are key milestones on the road to the company's climate neutrality in 2035. www.enbw.com