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 2.4%
- 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 |
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.
On 22 June 2020 Iren issued a third Supplement to the Base Prospectus date July 17, 2019.
On 9 December 2020 the EMTN programme (Euro Medium Term Note) Fitch rating BBB, was renewed leaving the total amount unchanged at 4 billion as resolved by the Board of Directors on 28 November 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
EMNT 4 billion 9 december 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 |
---|---|---|---|---|---|---|---|---|---|
Green Bond 2031 | EMTN 4,0 billion 9 December 2020 | XS2275029085 | 300,000,000 | 300,000,000 | 0.25% | 10 | 17/01/2031 | 99.03 | BBB |
Eurobond 2030 | EMTN 4,0 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 | 3,960,000,000 | 3,341,470,000 |