Hogan Lovells Guides Banks in Landmark Placement of First European Green Bonds by German Issuer Eurogrid GmbH
"Hogan Lovells has advised a syndicate of banks on the placement of the first European Green Bonds by a German issuer, Eurogrid GmbH, totaling EUR 1.1 billion. The bonds, guaranteed by 50Hertz Transmission GmbH and 50Hertz Offshore GmbH, consist of two tranches with terms of 4 and 15 years, and were successfully placed on the Luxembourg market. The proceeds will finance renewable energy projects in line with the EU Green Bond Standard. This marks a significant step in supporting the energy transition in Germany."