Green Bond Fact Sheet

E.ON SE

Date: 28/08/2019

Issue date: 28-08-2019 Maturity date: 28-02-2030 Tenor: 10.5
Issuer Name

E.ON SE

Amount Issued

EUR1.5bn/USD1.7bn

Country of risk

Germany

CBI Database

Included

Issuer Type1

Non-financial
corporate

Bond Type

Senior unsecured

Green Bond Framework

Link to framework

Second party opinion

Sustainalytics

Certification Standard

Not certified

Assurance report

N/A

Certification Verifier

N/AGreen bond rating

N/A☒ Energy☐ Solar☐ Onshore wind
☐ Offshore wind
☐ Geothermal☐ Hydro☐ Tidal☐ Biofuels☐ Bioenergy☐ District heating☒ Electricity grid

☒ Energy storage☐ Energy performance☒ Infrastructure☐ Industry: components☐ Adaptation & resilience☒ Buildings☐ Certified Buildings☐ HVAC systems☐ Energyperformance☐ Water performance☒ Energy storage/meters☐ Other energy related☐ Industry: components☐ Adaptation & resilience☒ Transport☒ Electric vehicles☐ Low emissionvehicles☐ Bus rapid transit☐ Passenger trains☐ Urban rail

☐ Freight rolling stock☐ Coach / public bus☐ Bicycle infrastructure☐ Energy performance☐ Transport logistics☒ Infrastructure☐ Industry: components☐ Adaptation & resilience☐ Water & wastewater☐ Water distribution☐ Water treatment☐ Wastewatertreatment☐ Water storage☐ Storm water mgmt
☐ Flood protection☐ Desalinisation plants☐ Erosion control☐ Energy performance☐ Infrastructure☐ Industry: components☐ Adaptation & resilience☐ Waste management☐ Recycling☐ Waste prevention☐ Pollution control☐ Landfill, energy capture☐ Energy performance☐ Infrastructure☐ Waste to energy☐ Industry: components☐ Adaptation & resilience

Use of Proceeds☐ Land use & agriculture☐ Afforestation/parks☐ FSC Forestry☐ FSC Cellulose &paper☐ Land remediation☐ Energy/water efficiency☐ Sustainable agriculture☐ Adaptation & resilience☐ Other☐ Adaptation &resilience☐ ICT☐ Industry: process

Issue details
ReportingCompany information

E.ON will annually provide information on the allocation of proceeds in the sustainability
report. This includes amounts allocated in each category, the year of the investment and thesplit between financing and refinancing as well as the balance of unallocated proceeds. If
feasible, an impact report will be provided as well. This will contain quantitative indicatorssuch as capacity of renewable energy connected, CO2 emissions avoided, number of smart
grid components installed, and number of electric vehicle charging stations. E.ON will
disclose updates on major developments of the projects.
E.ON SE is an international energy network and customer solutions supplier based in Essen,
Germany. E.ON mainly operates in the following segments: renewables, energy networks,
power and gas distribution as well as other energy solutions. The customer base is spreadaround Europe with 800 000 kilometres of energy networks. E.ON employs approximately
43,000 workers.
E.ON highlighted the importance of renewable energy to their business by acquiring innogy
SE in March 2018, taking over their whole renewables business.

Firsts, records andcertifications
Proceeds description

E.ON intends to issue bonds under their Green Bond Framework in order to finance orrefinance projects of the following eligible categories:- Renewable Energy: directly connecting renewable energy and storage units to the grid aswell as renewable energy generation and storage units- Energy Efficiency: energy efficient grid replacements as well as energy efficient street
lighting, smart meters and integrated on-site business and city energy solutions such as
district heating incl. energy from waste and excess heat utilization- Clean Transportation: electric vehicle charging stations and related infrastructure

Climate Bonds view

Underwriters

It is encouraging to see another energy giant joining the green bond market, as it signals
the crucial need for continued and increasing investments in low-carbon energy
infrastructure.
BAML, Barclays, Bayern LB, BNP Paribas, Citigroup, ING, Commerzbank, J.P. Morgan

Deal comments
Credit Rating

Baa2 (Moody’s); BBB (S&P)

Pricing summary••••

Reoffer: ms+60bps
Yield: 0.373%
Coupon: 0.350%
Price: 99.764%

Investors summary1

Order books closed at EUR3.45bn. Investors included asset managers (71.8%),
insurance/pension funds (17.7%), banks/private banks (5.0%), corporates (2.4%), others(3.1%)

Issuer categories: ABS, development bank, financial corporate, government-backed entity, loan, local government, non-financial
corporate, sovereign