Eurogrid GmbH, parent company of transmission system operator 50Hertz, has raised just over €1 billion through Germany’s first EU Green Bond issued under the new European standard.
The dual-tranche bond will finance onshore and offshore grid projects that enable renewable energy integration across the 50Hertz network.
The issue comprises a €500 million four-year bond at 2.886% and a €600 million fifteen-year bond at 4.165%.
Investor demand was strong, with the transaction four times oversubscribed and the order book peaking above €7 billion.
Proceeds will be allocated under Eurogrid’s Green Financing Framework, which has been rated “Excellent” by Sustainable Fitch and complies with the EU Taxonomy, EU Green Bond Standard and ICMA principles.
Eurogrid said the funding will accelerate grid infrastructure expansion critical to the energy transition and support 50Hertz’s target to deliver 100% renewable electricity within its grid area by 2032.
Christine Janssen, chief financial officer of 50Hertz, said: “With the first EU Green Bond in Germany according to European standards, we are sending a clear signal for the sustainable financing and future viability of our grid infrastructure.”
She added that the high investor demand demonstrates confidence in the company’s sustainable corporate strategy and in a stable, investment-friendly regulatory framework.
The EU Green Bond Standard establishes binding rules for sustainable bond issuance, designed to boost transparency, credibility and investment in climate-aligned activities.
Eurogrid said the successful issuance reinforces its pioneering role in sustainable finance and strengthens its position with investors seeking transparent, ESG-aligned opportunities.
The issue was arranged by ING, BNP Paribas, NatWest and Commerzbank as active bookrunners, with Deutsche Bank and Société Générale as passive bookrunners.
Mizuho and Rabobank acted as sustainability advisors to Eurogrid.