Global law firm White & Case LLP has advised EnBW on the issuance of two tranches of green bonds with an aggregate principal amount of €1.2 billion.
The notes were issued by EnBW International Finance B.V. and guaranteed by EnBW Energie Baden-Württemberg AG. The first tranche has a principal amount of €650 million, a seven-year term and a fixed coupon of 3.500%. The second tranche has a principal amount of €550 million, a twelve-year term and a fixed coupon of 4.000%. The notes of both tranches were admitted to trading on the regulated market of the Luxembourg Stock Exchange.
EnBW intends to use an amount equivalent to the net proceeds of the notes to finance and/or refinance eligible green projects in accordance with its Green Financing Framework.
The White & Case team in Frankfurt that advised on the transaction was led by partner Karsten Wöckener and included local partner Peter Becker and associate Domenik Mack.
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