DEBT STRUCTURE

The following table shows the structure of the debt, in relation to the portion at fixed

and variable rates and its composition and maturity. 

 

 

DEBT STRUCTURE

Average cost of debt 1.8%
Average long-term debt maturity of 5.9 years

INTEREST RATE

More information Debt Structure

More information Key Debt Ratios

Data as of 1H 2021
 
 
In particular
  • 97% of gross debt at fixed interest rate and 3% of gross debt at variable interest rate
  • Average long-term debt duration of about 5.7 years 
  • Average cost of debt of about 1.7% 
  • 59% of the Iren total debt is composed of green and assimilated instruments (46% Green Bond, 13% EIB loans)
  • On 10th December Iren issued its fourth Green Bond of 300m€, maintaining its leadership among Italian multi-utilities in terms of number of issues, with a total amount of EUR 1.8 billion
  • To support the Group's liquidity profile and rating level, Iren has subscribed €295 million of medium/long-term financing lines that available but not used and €150 million of committed Sustainability Linked Revolving Credit Facilities (RCF) in addition to current cash and cash equivalents.