50Hertz Emits EUR 500 Mln Bond

50Hertz’ holding company, Eurogrid GmbH, has emitted a corporate bond over 500 million Euros on June 2.

The bond has a denomination of 100,000 Euros with a duration of 10 years and a coupon of 1.875 %. The issuance was done via Bourse Luxembourg where the bond will also be traded.

“Instruments like such bonds are the cornerstones of our long term and efficient corporate financing. They are needed for the huge investments that lie ahead of us”, states Udo Giegerich, CFO at 50Hertz.

The company is planning to invest around 5.4 billion Euros during the next decade. The money goes into the development of the transmission grid including offshore wind park connections.