E.ON Spells Out Green Bond Plan Amid Clamor for Ethical Debt
(Bloomberg) -- E.ON SE will strive to cover more than half of its annual financing requirements with green bonds as it taps booming demand from investors for forms of debt that can help protect the environment.
“Over the past years, E.ON has established green financing as a core element in its funding strategy,” Chief Financial Officer Marc Spieker said in the statement. “We expect to cover more than 50% of our annual funding requirements with green bonds going forward.”
Increasing numbers of borrowers are offering green bonds to meet investor hunger for ethically-focused debt while burnishing their own credentials as responsible corporate citizens.
Sales of the debt in the shared currency have reached almost 17 billion euros ($20.5 billion) so far this year, according to data compiled by Bloomberg. E.ON raised 2 billion euros with its last green bond sale last May.
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