E.On opens new age of negative corporate bond yields

E.ON2_Alamy_230x153
By Alex Radford
21 Aug 2019

E.On, the German electricity company, ended Europe's summer lull in investment grade corporate bond issuance on Wednesday, and opened a new era in pricing, with the first ever five year bond at a negative yield. And E.On is only rated triple-B.

The €1.5bn five and 10.5 year green bond was the market's first deal since Daimler’s €3bn four trancher in early August. 

E.On had not issued since a €2bn note in May 2017. The company has been reshaped through a complex M&A deal involving RWE and Innogy as a player ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.