E.ON turns green to reopen IG market

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By Alex Radford
21 Aug 2019

The first investment grade euro corporate bond since Daimler's €3bn four trancher at the beginning of August appeared on Wednesday morning. E.ON, the Baa2/BBB rated energy company, is in the market with a debut green bond — a benchmark five, and 10.5 year dual tranche deal.

According to Dealogic, this is the first bond the company has issued since May 2017, when it printed a €2bn triple tranche deal, at maturities of 4.25, seven and 12 years.  That issue was sold at 30bp, 50bp, and 72bp over mid-swaps, with yields of 0.44%, 0.972% and ...

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