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.

Financial Debt

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 Financial position for Elia Transmission Belgium.

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.

Credit rating

Standard & Poors
Long term rating : BBB+
Outlook : Stable
Last update : 19/07/2021
Short term rating : A-2

Elia Group financing

The tables below detail all Eurobond issues and Hybrid issues at Group level.

Type Start date Amount  Tenor Coupon ISIN
Senior Bond  5 September 2018  € 300 million  10 y  1.50 %  BE 0002596741
Hybrid Bond   5 September 2018  € 700 million  [5.25]   2.75 %   BE 0002597756 

  • 2021
    Documents Language
    Elia Group EU Taxonomy Case Study EN

  • 2018
    Documents Language
    Supplement to Prospectus 04.12.2018 EN
    Prospectus Senior Bond - Acq. Eurogrid EN
    Global Investors Call Presentation - August 2018 EN
    Prospectus 18.09.2018 EN
    Debt investor Presentation 2018 EN
    Prospectus Hybrid Bond - Acq. Eurogrid EN

Eurobonds

These Eurobonds are listed on the Euronext Brussels Stock Exchange. Clearing takes place via the X/N system.


 Official payment agencies : 

ING Luxembourg SA
Route d’Esch 52,
L-2965 Luxembourg
Royal Bank of Canada Europe Limited
71 Queen Victoria Street,
London EC4V 4DE, UK

Capital Increases

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.

Documents Languages
 Prospectus capital increase 2010 EN FR NL
 Prospectus capital increase 2019 EN FR NL


Reorganisation

Documents related to the General Meetings of Noteholders Languages
Convening notices for the first meeting of noteholders of each series EN FR NL
Meeting notification EN FR NL
Block voting instruction EN FR NL
Consent solicitation memoranda for each series of the notes EN FR NL
Announcement of the results of the first meeting of noteholders of each series EN FR NL
Convening notice for the adjourned meetings of noteholders of the 2024 Notes and the 2027 Notes EN FR NL
Minutes of the adjourned meetings of noteholders EN FR NL
Announcement of the results of the adjourned meetings of noteholders of the 2024 and the 2027 notes and fulfilment of the payment condition for each series of notes EN FR NL

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