EVN bonds
| Public bonds |
EUR |
CHF |
| Amount |
300m |
250m |
| Due date |
Dec. 14, 2011 |
Feb. 20, 2014 |
| Maturity (yrs) |
10 |
5 |
| Coupon (% p.a.) |
5.25 |
3.625 |
| ISIN |
XS0140090514 |
CH0049763102
|
| Private placement |
EUR |
EUR |
EUR |
| Amount |
300m |
28.5m |
150m |
| Due date |
Dec. 14, 2011 |
March 11, 2016 |
June 23, 2017 |
| Maturity (yrs) |
10 |
7 |
8 |
| Coupon (% p.a.) |
5.25 |
5.00 |
5.25 |
| ISIN |
XS0140090514 |
XS0417260329 |
XS0434384334 |
| Private placement |
JPY |
JPY |
| Amount |
8bn |
12bn |
| Due date |
Sept. 1, 2014 |
Jan. 9, 2024 |
| Maturity (yrs) |
20 |
15 |
| Coupon (% p.a.) |
5.20 |
3.13 |
| ISIN |
XS0052014114 |
XS0406428036 |
EVN AG is regularly rated by the two leading international credit agencies, Moody’s and Standard & Poors.
As at March 30, 2009, the rating agency Standard & Poors changed its long-term “A” rating to “A–“. The outlook remained “negative”. Moody’s downgraded its rating of EVN from “A1” (stable outlook) to “A2” (negative outlook).
The long-term rating was justified on the grounds of the strong market position and positive financial situation of the EVN Group prevailing in spite of the company’s increasing presence in Eastern and South East Europe, which is generally considered to be more fraught with risk.
The changed ratings of both agencies can be attributed to the high level of planned investments on the part of EVN in the period 2009–2013, particularly in connection to the hydropower project in Albania. However, EVN continues to have a very good credit rating in comparison to other companies in the European energy sector.
| Rating agentur |
Credit rating |
| Standard & Poor's |
A-, negative |
| Moody's |
A2, negative |