Enexis issues notes under its EMTN programme, which has been updated on 16 May 2023. Features of the EMTN programme:
Enexis has a committed credit facility (RCF) with the following features:
Enexis Holding N.V. has established an ECP programme in december 2016, with the following features:
Enexis has a committed debt facility with the European Investment Bank with the following features:
Issuer |
Date of issuance |
Maturity date |
Principal in EUR |
Coupon |
Type |
ISIN code |
Enexis Holding N.V. | 26-04-2016 | 28-04-2026 | 500 million | 0.875% | Senior unsecured | XS1396367911 |
Enexis Holding N.V. | 02-07-2019 | 02-07-2031 | 500 million | 0.75% | Senior unsecured | XS201997607 |
Enexis Holding N.V. | 17-06-2020 | 17-06-2032 | 500 million | 0.625% | Senior Unsecured; green bond | XS2190255211 |
Enexis Holding N.V. | 14-04-2021 | 14-04-2033 | 500 million | 0.375% | Senior Unsecured; green bond | XS2331315635 |
Enexis Holding N.V. | 12-06-2023 | 12-06-2034 | 500 million | 3.625% | Senior Unsecured; green bond | XS2634616572 |
Total |
2.5 billion |
Enexis has drawn up a 'Green Finance Framework' that serves as a framework for monitoring the sustainability quality of eligible green assets when issuing green financing instruments. ISS ESG has carried out a Second Party Opinion (SPO) for the framework.
In June 2020, Enexis Holding N.V. issued its debut green bond, the second in April 2021 and the third in June 2023. Each green bond loan is issued for an amount of EUR 500 million. The green bonds have been drawn under the existing EMTN programme and are included in the overview of all outstanding draws under this programme.
Within a year of issuing a green bond, Enexis Holding N.V. publishes a Green Bond Impact & Allocation report. This report provides insight into which activities within Enexis Group are financed using the green bonds issued by Enexis Holding N.V. and what the environmental impact of these investments is.
July & November 2020 - Convertible Hybrid Shareholder Loan
In two tranches Enexis Holding N.V. issued a 60-year convertible hybrid shareholder loan for a total amount of EUR 500 million. The interest for tranche A and B until the first interest revision date of November 29, 2030 is 2,15% and 1,40% respectively. The loan is subordinated to all other Enexis debts. Enexis has the right to convert the loan into shares if Enexis' credit rating falls or threatens to fall below the A (Standard & Poors) or A2 (Moody) level. Furthermore, Enexis has the option to repay the loan on November 29, 2030 and every ten years thereafter. S&P has assigned intermediate equity credit to the loan.
issuer |
Date of Issuance |
Maturity Date |
Principal in EUR |
Coupon |
Type |
Tranche |
Enexis Holding N.V. | 29-7-2020 | 29-11-2080 | 421,7 million | 2,15% | Subordinated | A |
Enexis Holding N.V. | 30-11-2020 | 29-11-2080 | 78,3 million | 1,40% | Subordinated | B |
Total | 500 million |