Financial profile

In this section you will find iformation on Iren financial profile, with particular reference to Debt, Rating and oustanding bonds.

Debt

Information on Iren debt structure and cost

DEBT STRUCTURE


  • Average cost of debt 2.4%
  • Average long-term debt maturity of 5.8 years

 

Last update 04/02/2020

 

 


INTEREST RATE STRUCTURE


Debt strucuture and interest rates refer to gross financial debt.

 

 

 




RATING

On the 20 OCtober 2020 Fitch Rating Agency confirmed its BBB rating on IREN Group, with stable outlook

 

Agency

M/L Term

Outlook

Report

Fitch

BBB

Stable

 view

Last update 03/02/2020

Bonds and EMTN

On 17 July 2019, the EMTN programme (Euro Medium Term Note) Fitch rating BBB, was renewed, increasing the amount from 2 to 2.5 billion as resolved by the Board of Directors on 17 October 2018.

On 13 September 2019, Iren  issued a first Supplement to the Base Prospectus dated July 17, 2019.

On 19 December 2019, Iren  issued a second  Supplement to the Base Prospectus dated July 17, 2019 increasing the amount from 2.5 to 4.0 billion as resolved by the Board of Directors on 28 November 2019. 

The increase in the EMTN Program, up to a total maximum value of Euro 4,000,000,000, will allow the Company to benefit from the typical flexibility of this instrument in the event of future bond issues.

On 22 June 2020 Iren issued a third Supplement to the Base Prospectus date July 17, 2019.

 

EMTN 2.5 billion 17 july 2019               EMTN – First Supplement 13 September 2019     EMTN - Second Supplement 19 December 2019        EMTN - Third Supplement 22 June 2020
 
GREEN BOND

 

BOND

Stand alone/Programme EMTN

cod ISIN

Issue quantity (€)

Outstanding ammount (€)

Annual coupon (%)

Maturity at issue (years)

Maturity date

Issue price (%)

Rating

Eurobond 2030 EMNT 4 billion Supplement 19 December 2019 and Supplement 22 June 2020 XS2197356186 500,000,000 500,000,000 1.00% 10 01/07/2030 98.144 BBB
Green Bond 2029 EMTN 2.5 billion 17 July 2019 and Supplement 13 September 2019 XS2065601937 500,000,000 500,000,000 0.875% 10 14/10/2029 99.345 BBB
Green Bond 2025 Supplement 10 August 2018 XS1881533563 500,000,000 500,000,000 1.95% 7 19/09/2025 99.129 BBB
Green Bond 2027 EMTN 2.0 billion 10 October 2017

XS1704789590

500,000,000 500,000,000 1.5% 10 24/10/2027 98.356 BBB

Eurobond 2024

EMTN  1.5 billion 19 October 2016 

XS1511781467

500,000,000

500,000,000

0.875%

8

04/11/2024

98.974

BBB

Eurobond 2022

EMTN  1.0 billion 16 October 2015

XS1314238459

500,000,000

359,634,000

2.75%

7

02/11/2022

99.398

BBB

Eurobond 2021

stand alone

XS1086104681

300,000,000

181,836,000

3.00%

7

14/07/2021

99.225

BBB

Private Placement

stand alone

XS0979548954

260,000,000

0

4.37%

7

14/10/2020

100.783

Not applicable

Private Placement stand alone XS1030889411 100,000,000 0 3.00% 5 11/02/2019 98.728 Not applicable
TOTAL     3,660,000,000 3,041,470,000