Hogan Lovells advises banks on the placement of a green bond of Eurogrid GmbH with an issuance volume of EUR 800 million

Press releases | 10 June 2025

Led by Frankfurt partner Dr. Jochen Seitz, global law firm Hogan Lovells advised a syndicate of banks consisting of UniCredit Bank GmbH, Banco Santander, S.A., Coöperatieve Rabobank U.A., Mizuho Bank Europe N.V., Bayerische Landesbank and Crédit Agricole Corporate and Investment Bank on the placement of a Green Bond of Eurogrid GmbH, guaranteed by 50Hertz Transmission GmbH and 50Hertz Offshore GmbH, in accordance with the ICMA Green Bond Principles with an issuance volume of EUR 800 million.

The bond features a term of 12 years and a coupon of 4.056 per cent. and was successfully placed and admitted to trading on the regulated market in Luxembourg on 28 May 2025.

The proceeds from the bond are to be used to finance and refinance selected projects 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 Bond Framework of Eurogrid GmbH (as of May 2022) contains more details as regards the selection and evaluation of the projects.

This is one of many transaction for Eurogrid GmbH on which Hogan Lovells advised the banks. Previously, Hogan Lovells had advised the dealers under the programme on the update of the debt issuance programme.

Hogan Lovells for the banks

Dr. Jochen Seitz (Partner), Dr. Stefan Schrewe (Counsel), Anna Hersener (Associate), Ylenia Ruggieri (Senior Business Lawyer), Lena Markert (Research Assistant) (all Debt Capital Markets, Frankfurt)