Press release

Stedin Group issues second green bond

Rotterdam, 9 November 2021 – Stedin Group has successfully issued its second green bond. The EUR 500 million issue is linked to investments by Stedin Group in Green Projects. The Green Bond issuance is in line with Stedin Group’s overall strategy to make society more sustainable. 

The 5-year EUR 500 million bond has an issue price of 99.666% and a coupon of 0.0%. With this issuance, Stedin Group has been able to attract existing but also new ESG investors. The issue has been more than 4 times oversubscribed. This contributed to getting financing on attractive terms. The bond is listed on Euronext Amsterdam.

CFO Danny Benima: “Stedin is committed to large and green investment challenges. In addition to regular replacement and maintenance investments in the network, Stedin will be investing billions in adapting the infrastructure to the ambitious targets in the climate agreement over the next few years. We have opted once again to issue a green bond as this underlines our ambition to contribute to a sustainable society and to report transparently on how we are achieving this.” 

The proceeds from the issue will be used to invest in a wide range of sustainable projects such as connecting new wind turbines and solar farms to Stedin's electricity network and energy-efficient buildings. The projects are derived from Stedin's One Planet Strategy and contribute to the United Nations Sustainable Development Goals (SDGs) relating to affordable and sustainable energy (SDG 7), sustainable cities and communities (SDG 11) and climate action (SDG 13).

The Green Finance Framework has been updated in line with the most recent legislation and regulations for the issuance of this green bond. The update also enables Stedin to issue more transactions with a green label in the future. The framework has been assessed by ISS ESG, an independent expert. In addition, ISS ESG has given Stedin an overall company-level ESG rating, ranking Stedin among the top 10 in its sector.