Global law firm White & Case LLP has advised EnBW Group on the issuance of two tranches of notes with an aggregate principal amount of €1.5 billion.
The first tranche has a principal amount of €650 million, a six-and-a-half-year term and a fixed coupon of 3.850%. The second tranche has a principal amount of €850 million, a ten-and-a-half-year term and a fixed coupon of 4.300%.
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 the Green Financing Framework of EnBW Group. The notes of both tranches were admitted to trading on the regulated market of the Luxembourg Stock Exchange.
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 Daniel Gillenkirch.
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