E.On opens new age of negative corporate bond yields

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 ...

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