Elia successfully completes €500 million bond offering

Elia successfully completes €500 million bond offering

BRUSSELS – Elia System Operator NV/SA (“Elia”), the Belgian transmission system operator, has successfully launched a €500 million Eurobond under its €5 billion EMTN programme (*).

The €500 million senior bond will mature in 2026 and has an annual coupon of 1.375%
The proceeds from the new bond issue will be used to refinance an existing €500 million Eurobond due to mature in May 2019.
The transaction highlights Elia’s strong standing in the international capital markets, being 4 times oversubscribed and attracting demand from 138 investors from 21 countries.
Through this transaction, Elia has taken advantage of supportive market conditions to proactively manage its liquidity position and reduce its average cost of debt to the benefit of consumers.
Rabobank, NatWest Markets Plc, ING Bank and KBC acted as Joint Active Bookrunners for this Transaction.
Elia’s long-term senior debt is rated BBB+ with a stable outlook by Standard & Poor’s

(*) Euro Medium Term Note

For further Information visit our Financial publication section.

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