It was the largest dual-tranche EUR-denominated bond transaction done so far this year for a European corporate issuer. The highly successful issue closed in April effectively reopened the 10 year segment of the credit curve for single-A rated issuers.
The EURO 2.5 billion issue priced in April with the proceeds used for general corporate purposes.
In June, E.ON decided to tap the 12 year tranche by EUR 400 million via the joint bookrunners, total deal size now adds up to EUR 2.9 billion.