Elia Transmission Belgium successfully places a €500 million EU Green Bond

Elia Transmission Belgium (“ETB”) has successfully placed a €500 million EU Green Bond under the EU Green Bond Regulation, under its €6 billion Euro Medium Term Notes (“EMTN”) programme. The notes are expected to be listed on the regulated market of the Luxembourg Stock Exchange.

This marks ETB’s third green bond issuance, and its inaugural EU Green Bond aligned with the European Green Bonds Standard (“EU GBS”). This EU Green Bond is also aligned with the ICMA Green Bond Principles. This landmark transaction represents a significant milestone for the company and the Belgian capital markets, representing the very first EU GBS-compliant bond issued within Elia Group and by a Belgian issuer.

By issuing an EU Green Bond in accordance with the EU GBS, ETB ensures the highest levels of transparency and accountability and commits to apply the proceeds in compliance with the EU Taxonomy Regulation, providing investors with robust guarantees on the environmental integrity of the financed projects. The proceeds of the notes will continue to support grid development, with this capex being fully aligned with EU Taxonomy as detailed in ETB’s base prospectus for its EMTN programme and in the final terms relating to the EU Green Bond issuance (available here), and as further outlined in EU GBS factsheet published on 30 September 2025.

The transaction attracted strong demand from institutional investors, achieving an oversubscription of 6 times, underscoring market confidence in ETB’s credit quality and sustainability strategy. The notes carry a fixed annual coupon of 3.50% and have a 10-year bullet maturity, due on 8 October 2035. Settlement of the notes is expected to take place on 8 October 2025 and the notes are expected to be listed and admitted to trading on the Regulated Market operated by the Luxembourg Stock Exchange on or about the same day. The issue is rated BBB+ by S&P, in line with ETB’s long-term issuer credit rating, which was affirmed on 30 September 2025 with a Stable outlook.