Global law firm White & Case LLP has advised Eurogrid Group (Eurogrid) on the issuance of two tranches of fixed rate EU Green Bonds in accordance with Regulation (EU) 2023/2631 of 22 November 2023 on European Green Bonds and optional disclosures for bonds marketed as environmentally sustainable and for sustainability-linked bonds.
The Bonds with an aggregate principal amount of €1.1 billion were issued by Eurogrid GmbH and guaranteed by 50Hertz Transmission GmbH and 50Hertz Offshore GmbH.
The first tranche has a principal amount of €500 million, a four-year term and a fixed interest rate of 2.886% per annum. The second tranche has a principal amount of €600 million, a fifteen-year term and a fixed interest rate of 4.165% per annum. Both tranches were issued as EU Green Bonds and were the first EU Green Bonds issued by a German issuer. Eurogrid GmbH will apply an amount equivalent to the gross proceeds of these issuances of the notes to finance, refinance and/or invest in eligible activities in line with its “European Green Bond Factsheet” (included in its “Green Financing Framework”) dated September 2025.
The notes of both tranches were admitted to trading on the regulated market of the Luxembourg Stock Exchange.
The White & Case team in Frankfurt which advised on the transaction was led by partner Karsten Wöckener and included local partner Felix Biedermann and associates Darleen Stöckl and Domenik Mack.
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Read the orginal article: https://www.whitecase.com/news/press-release/white-case-advises-eurogrid-eu11-billion-eu-green-bond-issuance
