Ignitis Group prices its inaugural EUR 300 million 5-year EuGB bonds
"Ignitis grupė" announces that, on 20 October 2026, it successfully priced a EUR 300 million inaugural European Green Bond (hereinafter – EuGB), under Regulation S and in Category 1 Registered, senior unsecured format (hereinafter – the Notes). The Notes carry a fixed annual coupon of 4.500% and have a maturity date of 27 October 2031.
The Notes were priced at a spread of 115 basis points over the mid-swap rate, with an issue price of 99.676%. The Notes are expected to be rated Baa1 by Moody’s and BBB+ by S&P, in line with the Group’s credit ratings. The Notes are expected to be admitted to trading on the regulated market of the Luxembourg Stock Exchange, displayed on the Luxembourg Green Exchange (LGX), and of Nasdaq Vilnius. Settlement of the Notes is expected on 27 October 2026.
An amount equivalent to the gross proceeds from the issue of the Notes will be used to finance and/or refinance, in whole or in part, fixed assets, capital and operating expenditures in accordance with the gradual approach referred to in Article 4(1) of the E.U. Green Bond Regulation and the European Green Bond Factsheet (link). The net proceeds of the issue of the Notes will, in whole or in part, be used to refinance existing indebtedness including financing the tender offer of the outstanding EUR 300m 2.000% notes due 14 July 2027 (ISIN: XS1646530565) announced on 19 October 2026 (hereinafter – Tender Offer). The results of the Tender Offer, once determined, will be announced separately.
As a testament to the credit quality of the Group, the transaction received strong support from a broad and diversified institutional investors base across Europe and beyond. The final order book exceeded EUR 1.0 billion, representing an oversubscription ratio of 3.3 times with participation from more than 80 investors.
The Notes are being issued under the Group’s EUR 2,000,000,000 Euro Medium Term Note Programme (hereinafter – EMTN Programme) and the Base Prospectus dated 3 September 2026 (link).
BNP PARIBAS, Goldman Sachs Bank Europe SE, J.P. Morgan and MUFG acted as Global Coordinators and, together with SEB and Swedbank, as Joint Bookrunners. BNP PARIBAS and J.P. Morgan also acted as Joint Green Coordinators.
Further information on the Group’s bond issues, including the Final Terms, will be made available on the Group’s website here. No separate announcements will be made in respect of the information above unless stated otherwise or the information needs to be clarified.
The information provided in this announcement does not affect the Group’s Adjusted EBITDA and Investments guidance for 2026.
