Financial programmes

Depending on the nature, duration and purpose of the financing, Alliander uses various financing instruments. The main sources of financing for Alliander are:

Euro Medium Term Note (EMTN): maximum EUR 3,000,000,000

The EMTN programme allows the issue of bonds with maturities above two years in a number of currencies with a maximum aggregate principal amount of bonds outstanding of EUR 3,000,000,000. Under ‘Bond issues’ more information can be found on the bonds issued under this programme.

Arranger: Citigroup. Dealers: BNP Paribas, Citigroup, ING, Morgan Stanley, NatWest Markets and Rabobank.

Euro Commercial Paper (ECP): maximum EUR 1,500,000,000

Alliander has 2 ECP programmes: a “Green” ECP program and a “Classic” ECP program. On the basis of these programs, Alliander can issue debt securities with maturities up to one year, denominated in a number of currencies. The maximum aggregate principal amount of the outstanding debt securities is EUR 1,500,000,000. The program has a STEP label. Alliander will focus on the issuance of Green ECP.

Arranger: Citigroup Global Markets Europe. Dealers : BNP Paribas, Citigroup Global Markets Europe, Coöperatieve Rabobank, ING Bank and NatWest Markets.

Loan European Investment Bank (EIB) : EUR 300,000,000

The EIB loan has been made available to Alliander on 21 July 2017. The full amount will be drawn in three separate tranches in 2017 and 2018, all with bullet repayment in 2031. The proceeds of the loan are exclusively allocated to finance parts of the renewal and expansion of the electricity distribution network of Liander.

Private placements

Alliander has a number of loans with banks, municipalities and provinces.

Committed back-up credit facility: EUR 900,000,000

This committed credit facility of EUR 900,000000 has a maturity until the end of December 2026 and can be used to finance general business operations. The facility serves as a backup facility and has not been used since the start date. In 2022 and 2023, Alliander has the option to extend the term for 1 year no later than December 2028.

The banks involved in this credit facility are BNP Paribas, NatWest Markets, ING Bank, Rabobank, Morgan Stanley Bank, ABN AMRO Bank and Royal Bank of Canada.

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