Amprion Launches First Green Hybrid Bonds to Fund Grid Projects

Dortmund-based transmission system operator Amprion GmbH has issued its inaugural green hybrid bonds, amounting to a total of €1.0 billion. The proceeds aim to finance sustainable grid expansion and enhancement projects. Issued in two tranches of €500 million each, both with a 30-year maturity, the bonds diversify Amprion's financing portfolio.

The first tranche carries a 4.250% coupon with a 2031 redemption option, while the second offers a 4.750% coupon and a 2034 redemption option. Listed on the Luxembourg Stock Exchange's Euro MTF Market, the bonds saw strong demand internationally.

This marks a strategic step in Amprion’s capital diversification, with these hybrid bonds recognized as 50% equity by Moody’s and Fitch Ratings. The senior ratings from the agencies remain stable, enhancing Amprion's credit metrics. Proceeds will fund projects adhering to the Amprion Green Finance Framework, aligned with international Green Bond Principles.