Hogan Lovells 2024 Election Impact and Congressional Outlook Report
The bonds feature terms of 3 years and 11 years and coupons of 3.075 per cent. and 3.732 per cent. respectively and were successfully placed and admitted to trading on the regulated market in Luxembourg on 18 October 2024.
The proceeds from the bonds are to be used to finance and refinance selected projects on land and at sea with which the integration and transportation of additional quantities of renewable electricity can be increased and the necessary grid expansion as part of the energy transition can be ensured.
The Green Bond Framework of Eurogrid GmbH (as of May 2022) contains more details as regards the selection and evaluation of the projects.
This is already the second billion-euro transaction for Eurogrid GmbH this year on which Hogan Lovells advised the banks. Previously, Hogan Lovells had advised the dealers under the programme on the update of the debt issuance programme.
Press release of Eurogrid GmbH:
Hogan Lovells for the banks:
Dr. Jochen Seitz (Partner), Dr. Stefan Schrewe (Counsel), Anna Hersener (Associate) (all Debt Capital Markets, Frankfurt)