Eurogrid secures €750m green debt to support Germany’s energy transition

Eurogrid, the German utility company and the parent company of 50Hertz, a transmission operator, has announced that it has secured €750m through its second green debt issuance. The bonds have a term of nine years and an interest rate of 3.279%. They are expected to finance projects that support the integration of renewables into the company’s transmission network. Marco Nix, chief financial officer of 50Hertz, explained: "With proceeds of this second green bond in our company's history, we are securing the necessary investments in the grid infrastructure over the next months. Despite the weak and challenging financial market situation, investors' solid appetite for an investment in our company shows their high level of trust in our sustainability strategy and investment plans.”