07 May 2020
Debut Green Bond of EUR 750 million successfully issued
Eurogrid GmbH, the parent company of the German transmission system operator 50Hertz, is securing liquidity for the further grid expansion necessary for the energy transition with the issuance of its debut Green Bond of EUR 750 million.
This will finance the grid connections Ostwind 1 and 2 of the offshore wind farms northeast of Rügen with a capacity of around 1.5 gigawatts. The corporate bond with a term of 12 years and a fixed interest rate of 1.113 percent was issued yesterday on the regulated market with the support of BNP Paribas, Rabobank and UniCredit Bank from the circle of Eurogrid core banks.