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