Amprion issues €1.1 billion of green bonds
Amprion today successfully issued another green bond totalling €1.1 billion. The bond was issued in two tranches and met with great interest from investors.
The green dual-tranche bond was issued on the basis of Amprion's €9 billion debt issuance programme:
- The first tranche in the amount of €500 million has a maturity of 6 years and a coupon of 3.125% p.a.
- The second tranche for €600 million has a maturity of 15 years and a coupon of 3.850% p.a.
Peter Rüth, CFO of Amprion, says in summary: “The positive response to our green bond underlines the investor confidence in our corporate and financing strategy. The proceeds will be invested exclusively in our green project portfolio, directly supporting our goals to expand and modernise the transmission grid to integrate more and more renewable energy.”
Proceeds to be used in accordance with the Green Finance Framework
The proceeds will be used exclusively for sustainable projects that are in line with the United Nations sustainability goals (Goals 7 Affordable and Clean Energy and 9 Industry, Innovation, and Infrastructure). The projects are anchored in Amprion's Green Finance Framework. The Framework was developed in accordance with the international Green Bond Principles of the International Capital Market Association (ICMA). The second-party opinion was provided by renowned ESG rating agency Sustainalytics.
Solid investment grade ratings
Amprion is rated by the two rating agencies Moody's and Fitch Ratings as Baa1 and BBB+, respectively, in each case with a stable outlook.
The expected issue ratings for this green dual-tranche bond are Baa1 from Moody's and A- from Fitch.
The transaction was supported by Bayerische Landesbank, Commerzbank, DZ BANK AG, ING, Landesbank Hessen-Thüringen, Landesbank Baden-Württemberg, SEB and UniCredit as joint lead managers.
