Amprion again successful with green bond in volume of €1.2 billion
The transmission system operator Amprion has once again successfully placed a green bond with a total nominal volume of €1.2 billion on the international capital market. The green dual-tranche bond was issued within Amprion's €9 billion debt issuance programme. In a competing market environment, the order book amounted to up to €2.8 billion.
In order to finance the grid expansion required for climate neutrality, Amprion will regularly issue financial instruments on the capital market and further establish itself as a "frequent issuer" on the bond market.
The bond was issued in two tranches and is listed on the Euro MTF of the Luxembourg Stock Exchange:
- The first tranche with a volume of €500 million has a maturity of 5 years and an interest coupon of 3.875% p. a.
- The second tranche with a volume of €700 million has a maturity of 11 years and an interest coupon of 4.125% p. a.
Peter Rüth, CFO of Amprion: “We have once again successfully placed a dual-tranche green bond. This reflects the capital market's confidence in Amprion and our sustainable business model. The issuance of sustainable financial instruments and successful access to the capital market are important requirements also for future significant investments to implement the energy transition in Germany.”
The proceeds are used exclusively for sustainable projects that meet the criteria of Amprion’s Green Finance Framework. The framework was developed in accordance with the international Green Bond Principles and validated by a second party opinion from the renowned ESG rating agency Sustainalytics.
Solid Investment Grade Rating
Amprion is rated by the two rating agencies Moody's and Fitch with corporate ratings of Baa1 and BBB+ respectively, each with a stable outlook.
Moody's has assigned a Baa1 rating to the newly issued dual-tranche green bond.
The transaction was supported by Commerzbank, ING, SEB and UniCredit as joint global coordinators and joint lead managers and Bayerische Landesbank (BayernLB), DZ BANK AG, Landesbank Hessen-Thüringen (Helaba) and Landesbank Baden-Württemberg (LBBW) as additional joint lead managers.