Alliander launches new Green Bond

25 June 2019

On 24th of June Alliander successfully completed the issuance of a Green Bond. The loan of € 300 million has a tenor of 13 years, an issue price of 98.628% and a coupon of 0.875% (effective yield of 0.988%). The issue was oversubscribed nearly four times. The Green Bond is listed on Euronext Amsterdam.

This is the second Green Bond of Alliander: the first was issued in 2016. Alliander used the proceeds of the first Green Bond for its sustainable office in Duiven (the Netherlands) and on smart networks, including the purchase of smart meters. The proceeds from this new Green Bond will be fully used to purchase smart meters, particularly the sustainable fair meter.

Fair meter

The fair meter is a smart meter developed in a sustainable and socially responsible manner by network operator Liander along with other parties in the sector. Key priorities during the development process were the use of sustainable materials, the origin of materials, decent labour conditions in the product chain (including the exclusion of child labour) and the circularity of the meter.

Sustainable Development Goals (SDGs)

By investing in fair meters, Liander is contributing to SDG 7 (Affordable and clean energy) and SDG 12 (Responsible consumption and production).

Sustainable financing

Alliander’s sustainability objectives play a prominent role both in its internal governance and its financing strategies. This strong commitment has earned Alliander a B+ sustainability rating from ISS-oekom Research, the highest rating awarded so far by this agency to network companies. Alliander sees the success of its Green Bond as confirmation that, in addition to a sound financial policy, shareholders and other investors are also increasingly focusing on sustainability.