Innogy is tackling green bond M&A problem
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Innogy is tackling green bond M&A problem

The planned takeover of Innogy by E.On and asset swap with RWE creates an unusual, if not unprecedented, situation in the green bond market. Innogy’s €850m green bond, issued last year, will become a liability of E.On, but the windfarm assets to which the proceeds have been allocated will end up with RWE.

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