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:

AmountEUR 1,500,000,000 
ArrangersBNP Paribas, Citigroup, J.P. Morgan
DealersBNP Paribas, Citigroup, J.P. Morgan, Luminor
Paying agentCitibank

Base Prospectus dated 11 May 2020  

Restated Audited Annual Financial Statements for 2018 

Information about the programme updated on 21 June 2018:

AmountEUR 1,500,000,000 
ArrangersBNP Paribas, J.P. Morgan
DealersBNP Paribas, J.P. Morgan, SEB
Paying agentThe Bank of New York Mellon

Base Prospectus dated 21 June 2018 

Base Prospectus Supplement dated 2 July 2018 

Information about the programme updated on 27 June 2017:

AmountEUR 1,000,000,000 
ArrangersBNP Paribas
DealersBNP Paribas, SEB
Paying agentThe Bank of New York Mellon

Base Prospectus dated 27 June 2017 

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 codeNominal amountIssue dateCoupnExpiry dateCredit ratingListingFinal terms
Green obligations
XS1646530565EUR 300 000 00014 July 20172.000 %14 July 2027BBB+LuxSE, Nasdaq VilniusFinal terms
XS1853999313EUR 300 000 00010 July 20181.875 %10 July 2027BBB+LuxSE, Nasdaq VilniusFinal terms
Other
XS2177349912EUR 300 000 00021 May 20202.000 %21 May 2030BBB+LuxSE, Nasdaq VilniusFinal terms

Sustainable financing

In order to finance Green Generation projects, Ignitis Group has launched a Green Bond Framework. ​Green Bond Framework is designed to finance projects that promote the transition to low carbon and climate resilient growth and a sustainable economy as determined by Ignitis Group. ​

Eligible projects include: ​

  • renewable energy, including wind, hydro, biogas, solar and geothermal power and related infrastructure;​
  • pollution prevention and control, including waste-to-energy​;
  • energy efficiency, including construction and reconstruction of electricity distribution networks to decrease network losses and/or provide possibilities to connect renewable energy, smart grid projects and ESCO projects;
  • ​clean transportation solutions, maintenance vehicles not based on fossil fuel and supporting infrastructure. ​

​Ignitis Group Green Bonds will not finance nuclear or fossil energy generation projects.

Green bond framework (2017)

Bond Investor Letter​​

​In line with the requirements, Ignitis Group publishes Green Bond Investor Letter, detailing financed projects and their impact on the environment. ​

Audit assurance​

Independent Limited Assurance Report is prepared each year to provide limited assurance on the selected information reported in the corresponding Green Bond Investor Letter.

Designation

Center for International Climate Research (CICERO) has given it the highest green designation.

A Sustainable Development Committee within the company ensures the smooth and transparent allocation of the funds raised via green bonds to projects that meet the principles and criteria set out in the Green Bond Framework. 

Second opinion