Press release

Stedin Group issues its inaugural Green bond

Rotterdam, November 11, 2019 - Stedin Group successfully issued its debut green bond. The EUR 500 million issue is linked to investments in Green Projects. The Green Bond issuance fits well with Stedin’s group overall strategy which is to make society more sustainable.  

The 10 year € 500 million Green bond has an issue price of 98.658% and a coupon of 0.5%. With this Green issuance, Stedin Group has been able to attract existing but also new ESG investors. The issue has been over four times oversubscribed. This contributed to getting financing at attractive terms. The bond is listed on Euronext Amsterdam.

CFO Danny Benima: “This green bond not only has financial added value; it proves that our financial strategy, operational strategy and our sustainability strategy reinforce and strengthen each other. 

The proceeds from the issue are used to invest in  a wide range of sustainable projects such as connecting new wind turbines or solar farms to Stedin's electricity network, the roll-out of smart meters and energy-efficient buildings. The projects are derived from Stedin's One Planet Strategy and contribute to the United Nations Sustainable Development Goals (SDGs) which relates to affordable and sustainable energy (SDG 7), sustainable cities and communities (SDG 11) and climate action (SDG 13).

As is common practice with Green transactions, Stedin established a Green Finance Framework to support the bond issue. The framework enables Stedin to issue more future transactions with a green label. This framework has been assessed by ISS ESG, an independent expert. In addition, ISS ESG has given Stedin an overall company-level ESG rating, ranking Stedin among the top 10 in its sector.  

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