Hogan Lovells advises banks on the placement of a bond of Eurogrid GmbH

Press releases | 26 May 2023

Led by Frankfurt partner Dr Jochen Seitz, global law firm Hogan Lovells advised a syndicate of banks consisting of BNP Paribas, Commerzbank Aktiengesellschaft as well as ING Bank N.V. and NatWest Markets N.V. on the placement of a bond of Eurogrid GmbH with an issuance volume of EUR 650 million.

The corporate bond with a maturity of 7 years and a coupon of 3.722 percent was successfully placed and admitted to trading on the regulated market in Luxembourg on April 27, 2023. Prior to that, Hogan Lovells advised the dealers under the on the update of the debt issuance programme.

Eurogrid, parent company of the transmission system operator 50Hertz, used the bond to raise additional liquidity on the capital market for investments in the power grid infrastructure for the energy transition.

For more information, please see the press release of Eurogrid GmbH:

50Hertz places bond worth 650 million euros

Hogan Lovells team for the banks

Dr. Jochen Seitz (Partner), Dr. Stefan Schrewe (Counsel), Kira Kuhnert (Foreign Associate) (all Capital Markets, Frankfurt).