Debt and facilities
Gas Networks Ireland has a strong liquidity profile supported by a diverse funding mix and solid cash generation. Funding requirements are met through monies raised on the debt capital markets and facilities arranged with key relationship banks.
|Issuer||Currency||Maturity date||Amount outstanding||Coupon||ISIN||Listed|
|Gas Networks Ireland||EUR||04-Dec-24||300,000,000||0.125%||XS2088659789||Euronext Dublin|
|Gas Networks Ireland||EUR||05-Dec-26||500,000,000||1.375%||XS1529684695||Euronext Dublin|
|Gas Networks Ireland||EUR||05-Dec-36||125,000,000||2.250%||XS1529684349||Euronext Dublin|
Gas Networks Ireland established a €1.5bn EMTN programme in 2016, from which Gas Networks Ireland has issued three bonds totalling €925m.
Gas Networks Ireland has long developed relationships in the US Private Placement market, completing transactions in 2003 and 2009.
European Investment Bank
EIB investment has been critical to the development of Ireland’s modern gas network and has helped bring gas to communities and towns all over Ireland. Gas Networks Ireland signed a new €100m facility with EIB in December 2018.
Gas Networks Ireland maintains a €450m Revolving Credit Facility provided by a group of eight domestic and international banks.