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.
| Type | Percentage |
| Euro Bonds | 48% |
| Green Bonds | 23% |
| GBP Bonds | 23% |
| Bilateral (mainly EIB) | 6% |
Available liquidity as at 31 December 2024
| Type | Percentage |
| Committed facilities | 65% |
| Cash | 35% |
Group Debt Profile as at 31 December 2024
The 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.
As at 31 December 2024 ESB's debt totalled €7.5 billion.
As at 30 June 2024
| Issuer | Currency | Maturity | Amount Outstanding | Coupon | ISIN | Euronext Dublin (GEM) | Final Terms/Pricing Supplement |
| ESB Finance DAC | EUR | 2043 | 350,000,000 | 3.75% | XS2579482006 | Irish Stock Exchange | Download Report |
| NIE Finance PLC | GBP | 2032 | 350,000,000 | 5.875% | XS2528656080 | London Stock Exchange | Download Report |
| ESB Finance DAC | EUR | 2032 | 550,000,000 | 4% | XS2550909415 | Irish Stock Exchange | Download Report |
| ESB Finance DAC | EUR | 2034 | 500,000,000 | 1% | XS2432544349 | Irish Stock Exchange | Download Report |
| ESB Finance DAC | EUR | 2030 | 700,000,000 | 1.125% | XS2009861480 | Irish Stock Exchange | Download Report |
| ESB Finance DAC | EUR | 2044 | 100,000,000 | 2% | XS1981749044 | Irish Stock Exchange | Download Report |
| ESB Finance DAC | EUR | 2033 | 500,000,000 | 2.125% | XS1903442744 | Irish Stock Exchange | Download Report |
| ESB Finance DAC | EUR | 2029 | 500,000,000 | 1.750% | XS1560853670 | Irish Stock Exchange | Download Report |
| ESB Finance DAC | EUR | 2031 | 600,000,000 | 1.875% | XS1428782160 | Irish Stock Exchange | Download Report |
| ESB Finance DAC | GBP | 2035 | 325,000,000 | 1.875% | XS2105811116 | Irish Stock Exchange | Download Report |
| NIE Finance PLC | GBP | 2026 | 400,000,000 | 6.375% | XS0633547087 | London Stock Exchange | Download Report |
| NIE Finance PLC | GBP | 2025 | 350,000,000 | 2.500% | XS1820002308 | London Stock Exchange | Download Report |
| ESB Finance DAC | EUR | 2027 | 500,000,000 | 2.125% | XS1239586594 | Irish Stock Exchange | Download Report |
| ESB Finance DAC | EUR | 2028 | 500,000,000 | 4% | XS2697983869 | Irish Stock Exchange | Download Report |
| ESB Finance DAC | EUR | 2036 | 500,000,000 | 4.25% | XS2697970536 | Irish Stock Exchange | Download Report |
Euro Medium Term Note Programme (EMTN) – ESB Finance DAC
In 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 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.
ESB’s primary liquidity source is a €1.4 billion Sustainability linked Revolving Credit Facility provided by our core relationship bank syndicate of 13 international banks – a facility which is currently committed out to February 2027.