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 | Coupn | 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 2027 | 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 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.
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.