ENGIE : issues a new Green hybrid bond for an amount of €1 billion

On January 17, ENGIE issued its first corporate hybrid green bond of 2019, for an amount of €1 billion. The perpetual subordinated bond bears a coupon of 3.25% and its first non-call period is 6 years and 1 month.

ENGIE also launched a tender offer on its outstanding PerpNC2019 hybrid bonds issued in 2014.

The quality of ENGIE's credit, combined with the hybrid and green features of this new issue, has led to a large oversubscription from investors (6.5X). Investors include the European Investment Bank (with the support the Investment Plan for Europe, also known as the Juncker Plan) for the first time in the French market.

The new issue will replace the PerpNC2019 bonds purchased under the tender offer, thereby leaving unchanged the total equity content granted by rating agencies through this instrument.

With a total of €7.25 billion of green bonds issued since 2014, ENGIE strengthens its position amongst the biggest issuers of corporate green bonds. As a leader in the energy transition, ENGIE has made it a priority to support the development of sustainable finance, notably the green bond market.

About ENGIE

We are a global energy and services group, focused on three core activities: low-carbon power generation, mainly based on natural gas and renewable energy, global networks and customer solutions. Driven by our ambition to contribute to a harmonious progress, we take up major global challenges such as the fight against global warming, access to energy to all, or mobility, and offer our residential customers, businesses and communities energy production solutions and services that reconcile individual and collective interests. Our integrated - low-carbon, high-performing and sustainable - offers are based on digital technologies. Beyond energy, they facilitate the development of new uses and promote new ways of living and working. Our ambition is conveyed by each of our 150,000 employees in 70 countries. Together with our customers and partners, they form a community of imaginative builders who invent and build today solutions for tomorrow.
2017 turnover: 65 billion Euros. Listed in Paris and Brussels (ENGI), the Group is represented in the main financial (CAC 40, BEL 20, Euro STOXX 50, STOXX Europe 600, MSCI Europe, Euronext 100, FTSE Eurotop 100, Euro STOXX Utilities, STOXX Europe 600 Utilities) and extra-financial indices (DJSI World, DJSI Europe and Euronext Vigeo Eiris - World 120, Eurozone 120, Europe 120, France 20, CAC 40 Governance). To learn more: www.engie.com