Financial position for Elia Group
The Group’s objective is to maintain a balance between continuity of funding and flexibility through the use of bank loans, confirmed and unconfirmed credit facilities, commercial paper programs, etc.
For medium- to long-term funding, the Group uses bonds. The maturity profile of the debt portfolio is spread over several years. The Group Treasury frequently assesses its funding resources by taking into account its own credit rating and general market conditions.
Following the reorganisation of the Group's structure, which constructed a ringfence around Belgian regulated activities (which are separate from the Group's unregulated activities and regulated activities carried out abroad), the indebtedness allocated to Belgian regulated activities (including listed EMTN bonds, the regulated bank debt and shareholder loans) was transferred to Elia Transmission Belgium, together with the assets related to these activities, at the end of 2019. An overview of the indebtedness linked to the financing of Belgian regulated activities can be found in the .
The financing of 50Hertz's regulated activities in Germany remains at the level of Eurogrid GmbH. For an overview of the debt financing of Eurogrid, please visit: Eurogrid GmbH.
The EUR 300 million unsubordinated bonds (the “senior bonds”) and the EUR 700 million hybrid bonds (the “hybrid bonds”) (which were issued to acquire an additional 20% stake in Eurogrid International) constitute a debt allocated to unregulated activities and regulated activities carried out abroad and will therefore remain at the level of the Group.
Outlook : Negative
Last update : 22/12/2022
Short term rating : A-2
Elia Group financing
The tables below detail all Eurobond issues and Hybrid issues at Group level.
|Hybrid Bond||15 March 2023||€ 500 million||5.25 y||5.85 %||BE 6342251038|
|Senior Bond||5 September 2018||€ 300 million||10 y||1.50 %||BE 0002596741|
These Eurobonds are listed on the Euronext Brussels Stock Exchange. Clearing takes place via the X/N system.
Official payment agencies :
London EC4V 4DE, UK
The Group is using equity funding for long-term funding. It is the Group’s objective to keep a healthy balance between debt and equity funding.
|Prospectus capital increase 2010|
|Prospectus capital increase 2019|
|Prospectus capital increase 2022|
|Investor Presentation capital increase 2022|
|Special board report 13 June 2022|