Debt Information

Debt Information ESB has a strong balance sheet and liquidity position, and maintaining the financial performance and strength required to deliver our ‘Driven to Make a Difference: Net Zero by 2040’ strategy is a key foundational capability.  We are committed to maintaining a strong investment grade credit rating and secure optimal long-term funding to match investment plans for a net zero future.As part of our broader Green Financing Strategy, we are using sustainable finance options such as Green Bonds to fund the delivery of our strategy. We believe these bonds offer transparency to investors who wish to allocate funds to green assets, and in doing so allowing them to support our transition to reliable, affordable, low-carbon energy. Group debt as at 30 June 2025TypePercentageEuro Bonds45%Green Bonds21%GBP Bonds27%Bilateral (mainly EIB) 7%Available liquidity as at 30 June 2025TypePercentageCommitted facilities52%Cash48% ESB Debt MaturityGroup Debt Profile as at 30 June 2025 ESB Group Financing Structure ESB Finance DAC Change of Name Certificate PDF | 0.03MB Download ESB Financing Programmes and FacilitiesThe majority of ESB’s financing needs are met from the stable cash flows generated by our operating activities. Additional financing requirements are funded through a combination of capital market issues and bank borrowings. The combination of these facilities provides the prudence, diversity and flexibility which underline our financial strategy.ESB Group DebtAs at 30 June 2025 ESB's debt totalled €7.9 billion.Bond Information (As at 30 June 2025)Table outlining details of all ESB bond reports including expiry date, stock exchange and link to the actual report.IssuerCurrencyMaturityAmount OutstandingCouponISINExchangeFinal Terms/Pricing SupplementNIE Finance PLCGBP2035350,000,0005.75%XS3063879525London Stock ExchangeDownload ReportESB Finance DACEUR2043350,000,0003.75%XS2579482006Euronext Dublin (GEM)Download ReportNIE Finance PLCGBP2032350,000,0005.875%XS2528656080London Stock ExchangeDownload ReportESB Finance DACEUR2032550,000,0004%XS2550909415Euronext Dublin (GEM)Download ReportESB Finance DACEUR2034500,000,0001%XS2432544349Euronext Dublin (GEM)Download ReportESB Finance DACEUR2030700,000,0001.125%XS2009861480Euronext Dublin (GEM)Download ReportESB Finance DACEUR2044100,000,0002%XS1981749044Euronext Dublin (GEM)Download ReportESB Finance DACEUR2033500,000,0002.125%XS1903442744Euronext Dublin (GEM)Download ReportESB Finance DACEUR2029500,000,0001.750%XS1560853670Euronext Dublin (GEM)Download ReportESB Finance DACEUR2031600,000,0001.875%XS1428782160Euronext Dublin (GEM)Download ReportESB Finance DACGBP2035325,000,0001.875%XS2105811116Euronext Dublin (GEM)Download ReportNIE Finance PLCGBP2026400,000,0006.375%XS0633547087London Stock ExchangeDownload ReportNIE Finance PLCGBP2025350,000,0002.500%XS1820002308London Stock ExchangeDownload ReportESB Finance DACEUR2027500,000,0002.125%XS1239586594Euronext Dublin (GEM)Download ReportESB Finance DACEUR2028500,000,0004%XS2697983869 Euronext Dublin (GEM)Download ReportESB Finance DACEUR2036500,000,0004.25%XS2697970536 Euronext Dublin (GEM)Download Report   ESB Capital Markets FundingEuro Medium Term Note Programme (EMTN) – ESB Finance DACIn the capital markets we have a €8 billion Euro Medium Term Note Programme (EMTN) under which a number of Euro bonds and one GBP bond have been issued since March 2010. In addition to the EMTN issues, ESB’s subsidiary Northern Ireland Electricity has issued three GBP bonds.  ESB Capital Markets Funding ESB 2025 EMTN Update - Eight Supplemental English Law Trust DeedESB 2025 - Third Supplemental Irish Law Trust DeedESB 2025 - Offering CircularEMTN Seventh Supplemental English Law Trust Deed - October 2024EMTN Second Supplemental Irish Law Trust Deed - October 2024EMTN Offering Circular - October 2024ESB EMTN Offering Circular Supplement - September 2023ESB EMTN - Offering Circular - July 2023ESB EMTN Offering Circular Supplement - October 2022ESB 2022 EMTN Update Final Offering Circular - August 2022ESB EMTN Offering Circular Supplement - January 2022ESB EMTN Offering Circular - August 2021ESB EMTN Offering Circular - July-2020ESB EMTN Offering Circular - December 2019ESB EMTN Offering Circular - May 2019ESB EMTN Programme Offering Circular - March 2019 Other Sources of Finance Bilateral Finance ESB enjoys a long-standing relationship with the European Investment Bank as well as its group of 13 international relationship banks which also provide its primary liquidity facility. Where appropriate, we also avail of non-recourse project finance facilities from relationship and other banks. Liquidity ESB’s primary liquidity source is a €2.4 billion Sustainability linked Revolving Credit Facility provided by our core relationship bank syndicate of 15 international banks – a facility which is currently committed out to July 2030. Further Reading Our Credit Rating Our Investment Proposition  Green Financing