ESB Networks

National Smart Metering Programme - Project Bond

Borrower (s)
ESB Networks
Industry
Power/Electricity transmission
Area of finance
Project & Infrastructure Finance
Region
Europe
Countries
Ireland

Deal Overview

The Republic of Ireland's Electricity Supply Board (ESB) has placed a €500 million ($565 million) 1.0% fixed-rate green bond, maturing in July 2034. The bond was over four-times oversubscribed. Net proceeds will be allocated to finance eligible green projects, such as renewable energy...

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The Republic of Ireland's Electricity Supply Board (ESB) has placed a €500 million ($565 million) 1.0% fixed-rate green bond, maturing in July 2034. The bond was over four-times oversubscribed. Net proceeds will be allocated to finance eligible green projects, such as renewable energy generation and energy efficiency projects including the continuing roll out of the National Smart Metering Programme by ESB Networks. The placement was managed by BBVA, BNP Paribas, Danske Bank, JP Morgan and Societe Generale.This is the company's second green bond.

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Deal Volume
$ 565m
Financial Close
19 January 2022

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Tranches


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Projects

ESB Networks Smart Meter Rollout

Greenfield
Electricity transmission
Europe
Ireland
$ 1.48bn