Eurogrid, the parent company of Germany’s transmission system operator 50Hertz, has successfully raised €800 million in its first public Green Bond issuance of 2025.
The funds raised will support a range of eligible onshore and offshore projects aimed at integrating and transporting renewable electricity, in line with Eurogrid’s Green Bond Framework.
The bond issuance is part of 50Hertz’s broader strategy to meet 100% of power demand in its grid area with renewable energy by 2032.
The €800 million bond carries a 12-year maturity and an annual coupon of 4.056%. It was more than 4.5 times oversubscribed, reflecting strong investor confidence in the company’s sustainability initiatives and its access to capital markets.
Eurogrid’s previous financing activities include two €1.5 billion dual-tranche transactions in 2024 and a €200 million tap in February 2025.
The new bond will be listed on the regulated market of the Luxembourg Stock Exchange and is rated BBB by S&P, matching Eurogrid’s long-term issuer rating, which was confirmed in December 2024.
Mizuho, Rabobank, Santander, and UniCredit acted as joint active bookrunners for the transaction, with Crédit Agricole CIB and BayernLB serving as passive bookrunners.
