ENGIE (EPA:ENGI) - ENGIE - ENGIE issues EUR 1.5 billion of green bonds, now largest corporate green bond issuer - 19/06/2019
Transparency directive : regulatory news
19/06/2019 10:49
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Press release
19 June 2019
ENGIE issues EUR 1.5 billion of green bonds, now largest corporate green bond
issuer
- Total amount of green bonds issued by ENGIE now EUR 8.75 billion
- 75% of issue allotted to green investors
On Friday, 14 June, ENGIE launched a EUR 1.5 billion bond issuance in green
bonds format: the issuance proceeds will be used exclusively to finance
numerous green projects in the area of renewable energies and energy services
developed by the Group across the world.
With this new issue, the total outstanding amount of green bonds issued by
ENGIE is EUR 8.75 billion, meaning that the Group is now the largest corporate
issuer of green bonds.
This issue has been made in two tranches of EUR 750 million each, for periods
of 8 and 20 years. These new bond investments carry coupons of 0.375% and
1.375% respectively - i.e. an average coupon of 0.875% for a bond issue with an
average term of 14 years. Furthermore, the Group is shoring up its appeal for
green investors, to whom more than 75% of bonds have been allotted.
Judith Hartmann, ENGIE's EVP and CFO said: "ENGIE has undertaken to reconcile
the company's long-term vision with the financial objectives of investors.
Green bonds, which help fund our clients' zero carbon transition, are an
essential lever for doing so".
Green finance has a key role to play in helping to deliver the energy
transition. As a pioneer in green finance, ENGIE has proceeded with 6 issuances
of green bonds since 2014, including one worth EUR 1 billion in January 2019.
About ENGIE
Our group is a global reference in low-carbon energy and services. In response
to the urgency of climate change, our ambition is to become the world leader in
the zero carbon transition "as a service" for our customers, in particular
global companies and local authorities. We rely on our key activities
(renewable energy, gas, services) to offer competitive turnkey solutions.
With our 160,000 employees, our customers, partners and stakeholders, we are a
community of Imaginative Builders, committed every day to more harmonious
progress.
Turnover in 2018: 60.6 billion Euros. The Group is listed on the Paris and
Brussels stock exchanges (ENGI) and is represented in the main financial
indices (CAC 40, DJ Euro Stoxx 50, Euronext 100, FTSE Eurotop 100, MSCI Europe)
and non-financial indices (DJSI World, DJSI Europe and Euronext Vigeo Eiris -
World 120, Eurozone 120, Europe 120, France 20, CAC 40 Governance).
ENGIE Group press contact:
Tel. France: +33 (0)1 44 22 24 35
Email: engiepress@engie.com
Investor relations contact:
Tel.: +33 (0)1 44 22 66 29
Email: iir@engie.com
Twitter ENGIEgroup
ENGIE CORPORATE HEADQUARTERS
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92930 Paris La Défense cedex - France
ENGIE - A French limited liability company with capital of
2,435,285,011 EUROS - listed in the NANTERRE register of trades and companies
under number 542 107 651 - Tel.: +33 (0)1 44 22 00 00
engie.com
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