EnBW plans to sell euro-denominated benchmark fixed-rate hybrid notes

By Devika Patel

Knoxville, Tenn., June 22 – EnBW Energie Baden-Wurttemberg AG plans to sell euro-denominated benchmark resettable subordinated fixed-rate hybrid notes, according to a market announcement.

Moody’s Investors Service said it assigned a Baa2 long-term rating to the notes. S&P said it assigned a BBB- rating to the notes.

The size and completion of the notes are subject to market conditions.

EnBW is an electric utilities company based in Karlsruhe, Germany.

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