Uniper successfully debuts in the Euro bond market

  • Benchmark bond with a volume of €500 million successfully placed
  • Transaction significantly over-subscribed due to high investor interest

Yesterday, Uniper successfully placed a Euro benchmark bond with a volume of €500 million. The bond has a maturity of 2 years and is Uniper’s first transaction in the Euro bond market. Due to the high demand from investors the transaction was significantly over-subscribed which allowed Uniper to tighten the initial price indication. The bond has a coupon of 0.125 percent. The issue price was 99.844 percent, which implies a re- offer yield of 0.203 percent.

Bookrunners of the bond issuance are Barclays, Deutsche Bank and ING. The syndicate is complemented by BayernLB, Commerzbank and UniCredit. Uniper will use the proceeds from the bond to partly prepay the outstanding term loan, which has been concluded in the context of the spin-off from E.ON.

Uniper’s CFO Christopher Delbrück: “The successful issuance of Uniper’s first Euro benchmark bond underpins the great confidence of the capital market in Uniper. With the transaction we consequently follow our route to continuously optimize our financial structure.”

Uniper is a leading international energy company with operations in more than 40 countries and roughly 13,000 employees. Its primary role is the reliable supply of energy and related services. Its core activities include the production of electricity in Europe and Russia, together with global energy trading. The company is headquartered in Düsseldorf.

This press release may contain forward-looking statements based on current assumptions and forecasts made by the Uniper SE Management and other information currently available to Uniper. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. Uniper SE does not intend, and does not assume any liability whatsoever, to update these forward-looking statements or to adjust them to future events or developments.