Global law firm White & Case LLP has advised EnBW on the issuance of two tranches of bonds with an aggregate principal amount of €1.5 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 €500 million, a four and a half-year term and a fixed coupon of 3.000%. EnBW intends to use the net proceeds of the notes for general corporate purposes.
The second tranche has a principal amount of €1 billion, an 11-year term and a fixed coupon of 3.750%. 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 notes of both tranches were admitted to trading on the regulated market of the Luxembourg Stock Exchange.
The White & Case team in Frankfurt which advised on the transaction was led by partner Karsten Wöckener and included local partner Peter Becker, associate Domenik Mack and transaction lawyer Nejc Jereb.
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