Linklaters Advises TenneT Germany on EUR 35 Billion Debt Issuance Programme

Linklaters advised TenneT Germany on the establishment of a EUR 35 billion debt issuance programme. The transaction establishes a programme that enables the public offering of notes in different denominations, currencies and maturities. The programme provides for the issuance of fixed and floating rate notes and allows for subordinated notes. Notes issued under the programme may also be admitted to trading on the Luxembourg Stock Exchange. Proceeds from notes issued under the programme may be used for general corporate and financing purposes as well as to finance eligible sustainable projects. The programme specifically provides for the issuance of ICMA green bonds under TenneT Germany’s Green Finance Framework and for the issuance of European Green Bonds (EuGBs) under the EU Green Bond Regulation. TenneT Germany is the largest transmission system operator in Germany. With around 5,000 employees, the company builds, operates and maintains Germany’s largest transmission grid, which extends over more than 14,000 km and connects over one third of the European Union’s total offshore wind capacity. TenneT Germany is among the largest investors in onshore and offshore power grids in Germany. Linklaters represented client(s) TenneT Germany with a team composed by: Alexander Schlee (Partner); Wolfgang Ettengruber (Counsel, Capital Markets); Martin Rojahn (Counsel, Capital Markets); Ulrich Johann (Counsel, Tax, Frankfurt); Rowina Ullner (Managing Associate, Capital Markets); Catrin Retzmann (Associate, Capital Markets); Tabea Meißner (Associate, Capital Markets); Marlen Klepsch (Senior Transaction Lawyer, Capital Markets, Frankfurt).

Linklaters Advises TenneT Germany on EUR 35 Billion Debt Issuance Programme

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