Financial instruments

On 7 November 2013 BEH successfully listed its first Eurobond issue in the amount of EUR 500 million on the Irish Stock Exchange. Following a roadshow in Frankfurt, Munich, London and Vienna and strong investor interest the issue was oversubscribed at EUR 1.2 billion.

On 2 August 2016 BEH successfully listed its second Eurobond issue in the amount of EUR 550 million on the Irish Stock Exchange. Following a roadshow in London, Paris, Munich, Frankfurt, Milan, Zurich and Vienna and strong investor interest the issue was oversubscribed at over EUR 2 billion.

Following a roadshow in London, Vienna, Munich and Frankfurt оn 28 June 2018 BEH successfully listed its third Eurobond issue in the amount of EUR 400 million on the Irish Stock Exchange. With significant investor interest BEH registered two tap issues, resp. in the amount of EUR 150 million on 31 July 2018 and in the amount of EUR 50 million on 12 October 2018. As a result of the two tap issues the total amount of the third bond issue equals to EUR 600 million. The proceeds will be used for refinancing BEH`s first Eurobonds maturing in November 2018 in the amount of EUR 500 million as well as for general corporate purposes.

On July 15^th 2021 BEH successfully placed a bond issue in the amount of EUR 600 million at an annual interest rate of 2.45 per cent. As investors’ interest was very strong, the bond was 2.3 times oversubscribed and the interest rate achieved is the lowest one since the company has been participating on the international financial markets. The proceeds raised from the issuance will be used to refinance the bond issued in 2016 as well as for general corporate purposes, excluding coal-related activities.

Below you can find an overview of the key parameters of the outstanding bonds: