Eurogrid, parent company of the transmission system operator 50Hertz, has raised additional liquidity on the capital market for investments in the power grid infrastructure for the energy transition. A bond worth 650 million euros with a term of seven years (2023 - 2030) at an interest rate of 3.722 percent was successfully placed. It will also be used to service a bond due in November 2023.
Marco Nix, Chief Financial Officer of 50Hertz, commented: "Following the green loan of 600 million euros that we took up a few weeks ago through a KfW program, we are now securing further funds for our investment activities. The solid demand shows - despite a regulatory framework that now no longer matches the general interest rate development – a continuing trust of investors in the future viability of 50Hertz. We have to work on a sustainable financing framework together with politicians and regulators.”
