EnBW International Finance B.V.
30
Terms and investment repayment schedule
The Company had diverted proceeds from several bond issuances by way of loans to EnBW AG
except for the OPOLE loan in the amount of EUR 100 million (2022: EUR 298 million) which was
financed with equity.
EnBW AG has provided no securities but has taken over the irrevocable and unconditional guarantee
for the benefit of the bondholders with respect to the prescribed and punctual payment of capital and
interest of the bonds issued by the Company.
Below table shows details of the loans granted:
The Company has diverted the net proceeds from 3 issuances of the Commercial Papers from the
existing Commercial Paper Programme by way of loans to EnBW AG in the accumulated amount of
EUR 190 million. At balance sheet date all commercial papers have been repaid.
The total overview of the issued Commercial Papers is presented as follows:
EnBW AG had provided no securities but had taken over the irrevocable and unconditional guarantee
with respect to the prescribed and punctual payment of capital and interest of the Commercial Paper
notes issued by the Company.
Original
currency
Interest
rate
(fixed)
Redenption
date
Principal
amount
Discounted
fees
2023
EUR EUR EUR
1. Loan granted in 2004
EUR 4.875% 16/01/2025 500,000,000 5,650,000 407,888
2. Loan granted in 2008
JPY 3.880% 16/12/2038 127,934,498 - -
3. Loan granted in 2009
EUR 6.125% 07/07/2039 600,000,000 11,970,000 327,841
4. Loan granted in 2014
EUR 2.500% 04/06/2026 500,000,000 2,120,000 190,142
5. Loan granted in 2014
EUR 3.080% 16/06/2039 100,000,000 930,000 32,625
6. Loan granted in 2014
EUR 2.875% 13/06/2034 100,000,000 1,933,000 92,626
7. Loan granted in 2014
EUR 2.900% 01/08/2044 50,000,000 493,200 13,350
8. Loan granted in 2018
EUR 1.875% 31/10/2033 500,000,000 3,580,000 215,479
9. Loan granted in 2019
EUR 2.080% 21/01/2041 75,000,000 261,750 9,448
10. Loan granted in 2020
EUR 0.625% 17/04/2025 500,000,000 3,650,000 733,952
11. Loan granted in 2020
EUR 0.250% 19/10/2030 500,000,000 2,040,000 202,630
12. Loan granted in 2021
EUR 0.125% 01/03/2028 500,000,000 1,600,000 228,116
13. Loan granted in 2021
EUR 0.500% 01/03/2033 500,000,000 3,800,000 310,130
14. Loan granted in 2022
EUR 3.625% 22/11/2026 500,000,000 2,875,000 655,934
15. Loan granted in 2022
EUR 4.049% 22/11/2029 500,000,000 1,250,000 145,490
16. Loan granted in 2023
EUR 4.000% 24/01/2035 750,000,000 4,687,500 248,850
17. Loan granted in 2023
EUR 3.500% 24/07/2028 500,000,000 2,160,000 203,879
18. Loan granted in 2023
CHF 2.250% 15/06/2026 178,185,745 392,500 68,694
19. Loan granted in 2023
CHF 2.625% 15/06/2029 264,578,834 (944,450) (85,962)
20. Loan granted in 2023
EUR 4.640% 28/10/2033 100,000,000 - -
21. Loan granted in 2023
EUR 4.300% 23/05/2034 850,000,000 4,683,500 (26,275)
22. Loan granted in 2023
EUR 3.850% 23/05/2030 650,000,000 2,756,000 725
Total 8,845,699,077 55,888,000 3,975,562
Book
year
issuances
days
Currency Average issuance
price
Accumulated
principal amount
Repaid per
balance sheet
date
Outstanding per
balance sheet
date
2023 3 71 EUR 99.53729257% 902,500,000 (902,500,000) -
2022 176 54 EUR 99.90675014% 6,272,500,000 (5,560,000,000) 712,500,000