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.”
Download press release