TenneT Holding B.V.
Below you will find information from the register publication of inside information. The information has been provided by the organisation.
Registration date
25 oct 2013 - 16:20
Statutory name
TenneT Holding B.V.
Title
TenneT successfully completes € 500 million senior unsecured bond issue
Comments
Today's transaction was launched after a pan-European road show last week in which TenneT provided a business update to investors. The senior unsecured bond was issued under the Euro Medium Term Note Programme with a maturity date of November 1st, 2020. The issue price is 99.512. The coupon is 2.125% resulting in an effective yield of 2.201%.
Barclays and BNP Paribas acted as joint bookrunners on the senior bond, BNG was co-lead manager. The issuance comprises one tranche of EUR 500 million with a maturity of 7 years. There was significant investor interest for the transaction, which, in aggregate, was approximately three times oversubscribed. The bonds will be listed on the Amsterdam Stock Exchange. The net proceeds will be used by TenneT for general corporate purposes.
In the period 2013 to 2022 TenneT is investing extensively in Germany and the Netherlands. In the Netherlands TenneT is, next to over 300 smaller projects, investing in a number of large projects in building new 380 kV lines. In Germany, the onshore grid will be expanded with onshore North-South links and several offshore cable links to connect large-scale wind farms in the North Sea to the onshore high-voltage grid.
Date last update: 30 April 2025