E.ON secures funding for 2025 with €1.1 billion green bond issuance

Business Forum

29 August, 2025 at 7:25 AM

Germany-based energy company E.ON has issued €1.1 billion in green bonds through a public transaction, its second and final euro-denominated public issuance of the year, effectively covering its funding needs for 2025.

The offering was split into two tranches: a €500 million bond with a 3% coupon due in September 2031 and a €600 million bond with a 3.5% coupon maturing in September 2035.

The issuance attracted strong investor demand, with the combined order book reaching over €2.75 billion, underscoring investor confidence.

The proceeds will be used to finance and/or refinance eligible green projects, as defined by the E.ON Green Bond Framework, which is fully aligned with the EU Taxonomy.

The total funding volume for 2025 is expected to remain below the company's usual annual level of €3.5-5 billion, thanks to pre-financing carried out in 2024.

Approximately 70% of this year's funding has been secured through green bonds, significantly exceeding the company's target of over 50%, according to Nadia Jakobi, CFO of E.ON.

Barclays, BNP, ING, and SMBC acted as active bookrunners for the transaction.

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