Fluvius System Operator cv announces that it has concluded two separate financing transaction in April 2021.
Loan at the European Investment Bank (EIB)
On 22 April 2021, Fluvius System Operator cv will raise the first two tranches within the framework of a loan programme of Fluvius with the European Investment Bank (EIB). The amounts involved are EUR 150 million and EUR 50 million respectively, on a total programme of EUR 425 million. Both tranches were priced at an interest rate of 0,137%, with a 7 year maturity until 21 April 2028. Both principal amounts are to be repaid at their maturity date.
This loan is being guaranteed by the DSOs for electricity that are members of the Fluvius Economic Group.
The EIB loan programme was set up for financing up to 50% of the total capex involved in the roll-out of the digital electricity meter in the Flemish Region of Belgium.
On 8 April 2021, Fluvius System Operator realised a private placement for an amount of EUR 100 million. This debt instrument, issued under the issuer’s current EMTN programme, has an annual coupon of 0,810% and a 12 year maturity until 8 April 2033.
This transaction will allow Fluvius to reduce its current short-term financing, primarily through commercial paper issuances.
This debt instrument is listed at Euronext Brussels with the ISIN code BE0002786672. Moody’s has rated this instrument ‘A3’.