Debt programmes

The Green Financing Framework enables Gasunie to raise funds to finance or refinance projects that contribute to its Vision 2030 and EU climate change mitigation targets. The Framework provides a clear and transparent set of criteria for green financing instruments issued by Gasunie; such as green bonds. The Framework is aligned with the ICMA Green Bond Principles (2021) and ICMA Green Loan Principles (2023). In addition, the Framework incorporates the criteria for sustainable economic activities from the EU Taxonomy Climate Delegated Act (June 2021).

The Sustainability-Linked Bond Framework enables Gasunie to further position its sustainability strategy and decarbonization commitments with its wider debt investor base. In doing so, Gasunie hopes to help stimulate the growth of the sustainable debt market and further attract ESG-focused investors to its credit profile.

The Green Bond Allocation Report provides insight into the allocation of proceeds from our green bonds up to and including December 2024 and the progress of our sustainable projects. The Sustainable Finance Report provides information on the progress of both our (emission reduction) targets in our SLBs and the allocation of proceeds from our green bonds up to June 2024.

The EMTN programme enables Gasunie to place long-term bond loans with professional investors. The current EMTN programme size is EUR 7.5 billion.

The EMTN prospectus describes the legal framework governing Gasunie’s bond issues. This prospectus is approved by the Netherlands Authority for the Financial Markets (AFM) and is valid for 1 year following the date of approval.

The ECP programme enables Gasunie to place loans of up to 1 year with professional investors. The ECP programme has been operational since December 2011. The ECP programme size is EUR 750 million.

Gasunie has a committed credit facility amounting to EUR 1,050 million, distributed among a group of 6 banks. This credit facility was established in April 2020 and was extended twice by one year in the first quarter of 2021 and 2022. Furthermore, the accordion option was exercised in April 2024, increasing the facility from EUR 600 million to EUR 1,050 million. The facility now runs until April 2027, the expiry date.