On Wednesday 28 August, ENGIE placed a EUR 750 million zero-coupon senior bond issue of 7.5 years duration. This is the lowest coupon ever for a corporate issuer on such a long duration.
Despite a highly active bond market, the order book proved extremely diversified and very solid, meaning that the conditions could be significantly tightened. At a time when the financial environment continues to be characterised by macroeconomic and geopolitical uncertainty, ENGIE’s credit profile played a key role in the success of this transaction.
Judith Hartmann, ENGIE Executive Vice President and CFO said: “ENGIE’s balance sheet is solid and our strategy is paying off. Investors trust us, which allows us to improve our financing costs and contribute effectively to our development goals.”