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Debt Information

GROUP DEBT AS AT 31 December 2021

TypePercentage
Bonds70%
Green Bond13%
Private Placement5%
Bilateral (mainly EIB) 12%

AVAILABLE LIQUIDITY AT 30 JUNE 2021

TypePercentage
Committed facilities72%
Cash28%


ESB Debt Maturity

ESB Group Debt as at 31 December 2021

PDF | 67KB

ESB Group Financing Structure

Summary of Group Structure 2017

PDF | 95KB

esb-finance-dac-change-of-name-certificate

PDF | 29KB

ESB Financing Programmes and Facilities

The majority of ESB’s financing needs are met from the stable cash flows generated by our operating activities. Additional financing requirements are funded through a combination of capital market issues and bank borrowings. The combination of these facilities provides the prudence, diversity and flexibility which underline our financial strategy.

ESB Group Debt

At 30 June 2021 ESB’s Group Debt totalled €5.2 billion

Bond Information

List of bonds in issue.

As at 30 June 2021

IssuerCurrencyMaturityAmount OutstandingCouponISINListed
ESB Finance DACEUR2034500,000,0001%XS2432544349Irish Stock Exchange
ESB Finance DACEUR2030700,000,0001.125%XS2009861480Irish Stock Exchange
ESB Finance DACEUR2044100,000,0002%XS1981749044Irish Stock Exchange
ESB Finance DACEUR2033500,000,0002.125%XS1903442744Irish Stock Exchange
ESB Finance DACEUR2024300,000,0003.494%XS0992646918Irish Stock Exchange
ESB Finance DACEUR2027500,000,0002.125%XS1239586594Irish Stock Exchange
ESB Finance DACEUR2029500,000,0001.750%XS1560853670Irish Stock Exchange
ESB Finance DACEUR2031600,000,0001.875%XS1428782160Irish Stock Exchange
ESB Finance DACGBP2035325,000,0001.875%XS2105811116Irish Stock Exchange
NIE Finance plc.GBP2026400,000,0006.375%XS0633547087London Stock Exchange
NIE Finance plc.GBP2025350,000,0002.500%XS1820002308London Stock Exchange

 

ESB Capital Markets Funding

Euro Medium Term Note Programme (EMTN) – ESB Finance DAC

In the capital markets we have a €5 billion Euro Medium Term Note Programme (EMTN) under which a number of Euro bonds and one GBP bond have been issued since March 2010. In addition to the EMTN issues, ESB’s subsidiary Northern Ireland Electricity has issued two GBP bonds. The most recent prospectus is available here:

ESB EMTN Offering Circular Supplement - January 2022

PDF | 355KB

ESB EMTN Offering Circular - August 2021

PDF | 2MB

esb-emtn-offering-circular---july-2020

PDF | 2MB

ESB EMTN Offering Circular - December 2019

PDF | 302KB

esb-emtn-offering-circular---may-2019

PDF | 2MB

esb-emtn-proramme-offering-circular-march-2019

PDF | 302KB

US Private Placement

ESB has developed strong relationships in the US Private Placement market and has completed two large transactions in this market.

Bilateral Finance

ESB Group enjoys a productive and long-standing relationship with the European Investment Bank. Other bilateral bank finance is primarily sourced from our group of 14 international relationship banks which also provide a significant level of committed back-up lines. Where appropriate, we also avail of non-recourse project finance facilities from relationship and other banks.

Liquidity

ESB’s primary liquidity source is a €1.4 billion Sustainability linked Revolving Credit Facility provided by our core relationship bank syndicate of 14 international banks – a facility which is currently committed out to 2025.