Press release

Stedin Group successfully places 500 million of bonds

Rotterdam, 6 September 2018 – Stedin Holding N.V. (“Stedin Group”) – holding company of one of the largest Dutch electricity and gas grid operators – today announced it had successfully placed €500 million of bonds. The bonds will be listed on the Euronext stock exchange in Amsterdam.

“The energy transition is in full swing and requires 10% more in additional investments in 2018 compared to 2017,” says Stedin Group CFO Gerard Vesseur. He continues: “Part of this bond-issue will be used to facilitate the extra investments, but in large Stedin will use these bonds to refinance maturing loans.” The energy grids will have to be modified over the next few decades to facilitate the transition to green energy and so it is important that Stedin retains access to the bond market.
The financing was raised at a fixed interest rate of 1.375% with a maturity of 10 years. The transaction was heavily oversubscribed, leading to favourable terms. The bookrunners for the transaction were ING, NatWest Markets, MUFG and Rabobank. The transaction settlement date is 19 September 2018.

The issue price of the fixed-rate bond has been set at 98.838%, resulting in an effective yield of 1.501%. 

About Stedin Group 

Working together towards a world full of new energy. This is the goal that the approximately 4,500 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 operators Stedin (provinces of Zuid-Holland and Utrecht) and Enduris (province of Zeeland) and the experts of infrastructure companies Joulz and DNWG Infra. 

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