Enexis issues notes under its EMTN programme, which has been updated on 4 June 2020. 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:
Issuer |
Date of issuance |
Maturity date |
Principal in EUR |
Coupon |
Type |
ISIN code |
Enexis Holding N.V. | 26-01-2012 | 26-01-2022 | 300 million | 3,375% | Senior unsecured | XS0737138460 |
Enexis Holding N.V. | 20-10-2015 | 20-10-2023 | 500 million | 1,5% | Senior unsecured | XS1307369717 |
Enexis Holding N.V. | 26-04-2016 | 28-04-2026 | 500 million | 0,857% | 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 |
Total |
2,3 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 a listed green bond for an amount of EUR 500 million. This bond was drawn under the existing EMTN program and is included in the overview of all outstanding drawings under this program.
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 |