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 2.6%
  • Average long-term debt maturity of 5.2 years

 

Last update 05/14/2019

 

 


INTEREST RATE STRUCTURE


Debt strucuture and interest rates refer to gross financial debt.

 

 

 




RATING

On the 27 November 2018 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 02/07/2019

Bonds and EMTN

On 20/12/2017 Fitch has confirmed the BBB(EXP) rating to the EMTN (Euro Medium Term Note) Programme resolved by the company for an overall maximum amount of 2.000.000.000  euro, with the objective of pursuing the Group’s strategy of extending the average duration of debt while ensuring, at the same time, adequate financial flexibility for an efficient management of its debt portfolio.

Emtn prospectus - 10th October 2017  Supplement - 10th August 2018

 

BOND

Stand alone/Programma EMTN

cod ISIN

Issue quantity (€)

Outstanding ammount (€)

Annual coupon (%)

Maturity at issue (years)

Maturity date

Issue price (%)

Rating

Green Bond 2025 Supplement 10 Agosto 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 ottobre 2017

XS1704789590

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

Eurobond 2024

EMTN  1,5 billion 16 Ottobre 2016 

XS1511781467

500,000,000

500,000,000

0.875%

8

04/11/2024

98.974

BBB

Eurobond 2022

EMTN  1,0 billion 16 ottobre 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

167,870,000

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     2,660,000,000 2,209,340,000          

 

 

GREEN BOND

On the 26th of September, IREN’s Board of Directors has given the green light to the renewal of the non-convertible bonds emission programme named Euro Medium Term Notes Programme, increasing the maximum amount of issuable bonds to 2,000 million euros overall.

On 17 October 2017 IREN issued its first 500 million euro Green Bond under the above-mentioned EMTN Programme.

On 12 September 2018, under the Supplement to the EMTN program dated August 10th 2018, IREN  issued a second 500 million Euros Green Bond.

The Green Bond is an innovative tool to finance/refinance environmentally sustainable projects. These characteristics are guaranteed by an external certification company (DNV GL).

Please, find below the main documents related to these bonds emission.

 

Documents

ISIN XS1881533563 - Post issue ISIN XS1881533563 - Pre issue

ISIN XS1704789590 - Post issue

ISIN XS1704789590 - Pre issue
Framework   PDF   PDF

Second Party Opinion - DNV GL

  PDF

 

PDF
Use of proceeds PDF PDF PDF PDF
KPI list PDF PDF PDF PDF
Minimun KPI level   PDF   PDF
Green Bond Projects PDF PDF PDF PDF

Annual Assessment 2017

    PDF  
Annual Assessment 2018 PDF   PDF  

Last update30/04/2019