Stedin Group issues new €500 million green hybrid bond

Rotterdam, 14 January 2026 – Stedin Group has successfully issued a perpetual subordinated hybrid bond. The bond carries a coupon of 4.250% and includes an option for early redemption after 10 years.

Hybrid bonds are subordinated instruments that share certain characteristics with equity which is beneficial for the financial position of Stedin. The issuance was well received by a broad base of institutional investors, with the final order book amounting to €2.0 billion – representing an oversubscription of 4 times the offered amount. This issuance serves as a refinancing of the existing hybrid bond, which is planned for early redemption in March 2027.

Investments Continue to Grow

Stedin continues to make substantial investments in its gas and electricity networks this year, with amounts expected to increase further in the coming year. These investments are essential to support the growing economy, facilitate housing development, and achieve climate targets. At the same time, maintenance is carried out to ensure the networks remain reliable and safe.

Green Finance Framework

The proceeds of this green hybrid bond will be allocated to a wide range of sustainable projects and this empowers our customers to reduce their own CO₂ emissions, a key pillar of Stedin’s ESG strategy. The issuance is based on Stedin’s updated Green Finance Framework, published in September 2025.

The green bond will be listed on Euronext Amsterdam under ISIN XS3276221531.

About Stedin Group 

Working together towards a world full of new energy. This is the goal that the approximately 7,000 employees of Stedin Group are striving to achieve every day. We believe that it is our responsibility to ensure that all our customers have access to the sustainable energy they need to live, work and conduct business. Stedin Group is increasing the sustainability and maintaining the robustness and affordability of the energy system. This is achieved through the combined efforts of grid operator Stedin (active in the greater part of the provinces of Zuid-Holland, Utrecht and Zeeland) and the experts of NetVerder.