VERBUND AG Successfully Issues EUR 700m Green Bond Amid Strong Demand

VERBUND AG, Austria's top energy firm, has issued its first Green Bond under the EU Green Bond Standard. The EUR 700m bond, with a seven-year maturity, was almost five times oversubscribed, underscoring strong investor demand. Executed in volatile market conditions, the bond offers a 3.375% coupon and highlights VERBUND’s pricing power.

This transaction reflects market confidence in VERBUND’s credit quality and capability to secure optimal pricing despite challenges. The net proceeds will fund renewable energy projects in Austria, such as hydropower, wind, and solar, boost grid infrastructure, and expand storage capacity.

VERBUND’s history in green financing includes milestones like the first corporate green bond in 2014. The successful issuance fortifies its position in the European green bond market.