By Susanna Moon
Chicago, Oct. 26 – EnBW Energie Baden-Wurttemberg AG said it priced €500 million of 1.875% 15-year green bonds (expected A3/A-) at 99.534.
The underwriters are BBVA, DZ Bank, LBBW and Morgan Stanley.
The bond issue “was oversubscribed within hours,” according to a notice.
Proceeds will be used to fund projects in the fields of wind power, photovoltaics and electric mobility.
EnBW is an electric utilities company based in Karlsruhe, Germany
| Issuer: | EnBW Energie Baden-Wurttemberg AG
|
| Issue: | Green bonds
|
| Amount: | €500 million
|
| Maturity: | 2033
|
| Underwriters: | BBVA, DZ Bank, LBBW, Morgan Stanley
|
| Structuring banks: | Societe Generale, SEB
|
| Coupon: | 1.875%
|
| Price: | 99.534
|
| Pricing date: | Oct. 24
|
| Ratings: | Moody’s: A3
|
| S&P: A-
|
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