Hogan Lovells advises banks on the placement of the first European Green Bonds by a German issuer

Press releases | 17 October 2025

Led by Frankfurt partner Dr. Jochen Seitz, global law firm Hogan Lovells advised a syndicate of banks consisting of Commerzbank Aktiengesellschaft, BNP PARIBAS, ING Bank N.V., NatWest Markets N.V., Deutsche Bank Aktiengesellschaft and Société Générale on the placement of European Green Bonds of Eurogrid GmbH, guaranteed by 50Hertz Transmission GmbH and 50Hertz Offshore GmbH, consisting of two tranches with a total issuance volume of EUR 1.1 billion. These are the first green bonds issued by a German company in accordance with the EU Green Bond Standard.

The bonds feature terms of 4 years and 15 years and coupons of 2.886 per cent and 4.165 per cent, and were successfully placed and admitted to trading on the regulated market in Luxembourg on 16 October 2025.

The proceeds from the bonds are used in accordance with the Green Financing Framework of Eurogrid GmbH, which are in line with the European Green Bond Standard and the Taxonomy Regulation as well as the ICMA Green Bond Principles to finance selected activities on land and at sea with which the integration and transportation of additional quantities of renewable electricity can be increased and the necessary grid expansion as part of the energy transition can be ensured.

The Green Financing Framework of Eurogrid GmbH (as of September 2025) contains more details as regards the selection and evaluation of the activities. It contains the factsheet required by the EU Green Bond Standard.

This is one of many transactions for Eurogrid GmbH on which Hogan Lovells advised the banks. Hogan Lovells had previously advised the dealers on another bond issuance.

Hogan Lovells team for the banks

Dr. Jochen Seitz (Partner), Dr. Stefan Wollmert-Schrewe (Counsel), Anna Hersener (Associate), Lena Markert (Associate) (all Debt Capital Markets, Frankfurt)