Bonds
Find out about Ignitis Group's bond programmes, issues and sustainable financing.
Bond programmes
To ensure financial flexibility and access to needed capital, Ignitis Group has established a Euro Medium-Term Note (EMTN) programme.
Information about the programme updated on 21 June 2018:
| Amount | EUR 1,500,000,000 |
| Arrangers | BNP Paribas, Citigroup, J.P. Morgan |
| Dealers | BNP Paribas, Citigroup, J.P. Morgan, Luminor |
| Paying agent | Citibank |
Information about the programme updated on 21 June 2018:
| Amount | EUR 1,500,000,000 |
| Arrangers | BNP Paribas, J.P. Morgan |
| Dealers | BNP Paribas, J.P. Morgan, SEB |
| Paying agent | The Bank of New York Mellon |
Information about the programme updated on 27 June 2017:
| Amount | EUR 1,000,000,000 |
| Arrangers | BNP Paribas |
| Dealers | BNP Paribas, SEB |
| Paying agent | The Bank of New York Mellon |
Bond issues
Ignitis Group bond issues have:
- no covenant constraints, except maintaining the investment grade rating (for the EIB loans);
- robust liquidity and long-dated debt maturity profiles.
| ISIN code | Nominal amount | Issue date | Coupon | Expiry date | Credit rating | Listing | Final terms |
|---|---|---|---|---|---|---|---|
| Green obligations | |||||||
| XS1646530565 | EUR 300 000 000 | 14 July 2017 | 2.000 % | 14 July 2027 | BBB+ | LuxSE, Nasdaq Vilnius | Final terms |
| XS1853999313 | EUR 300 000 000 | 10 July 2018 | 1.875 % | 10 July 2028 | BBB+ | LuxSE, Nasdaq Vilnius | Final terms |
| XS2177349912 | EUR 300 000 000 | 21 May 2020 | 2.000 % | 21 May 2030 | BBB+ | LuxSE, Nasdaq Vilnius | Final terms |
Sustainable financing
In 2026, the Group updated its Green Finance Framework and launched its inaugural European Green Bond Factsheet, reinforcing its commitment to best-practice sustainable financing and supporting the broader Group strategy. Both documents were awarded the highest possible rating, a Dark Green shade, by S&P Global Ratings Europe Limited.
The proceeds from green financing funds, if raised, could be used to finance or refinance eligible green projects with a focus on Lithuanian electricity distribution network, renewable energy generation, electricity storage, and the EV charging network. These activities are considered to contribute substantially to climate change mitigation while meeting the ‘do no significant harm’ requirements of the EU Taxonomy.
Previous frameworks
In line with the requirements, Ignitis Group issued annual Green Bond Investor Letters detailing financed projects and their environmental impact and obtained independent limited assurance over selected information reported in each letter.