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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 2025

TypePercentage
Euro Bonds45%
Green Bonds21%
GBP Bonds27%
Bilateral (mainly EIB) 7%

Available liquidity as at 30 June 2025

TypePercentage
Committed facilities52%
Cash48%


ESB Debt Maturity

Group Debt Profile as at 30 June 2025

Coloured bar chart of ESB Group Debt Profile from 2025 to 2044 with amounts up to 1,100m

ESB Group Financing Structure

Summary of Group Structure 2017

PDF | 0.09MB

ESB Finance DAC Change of Name Certificate

PDF | 0.03MB

ESB Financing Programmes and Facilities

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.

ESB Group Debt

As 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 Supplement
NIE Finance PLCGBP2035350,000,0005.75%XS3063879525London Stock ExchangeDownload Report
ESB Finance DACEUR2043350,000,0003.75%XS2579482006Euronext Dublin (GEM)Download Report
NIE Finance PLCGBP2032350,000,0005.875%XS2528656080London Stock ExchangeDownload Report
ESB Finance DACEUR2032550,000,0004%XS2550909415Euronext Dublin (GEM)
Download Report
ESB Finance DACEUR2034500,000,0001%XS2432544349Euronext Dublin (GEM)
Download Report
ESB Finance DACEUR2030700,000,0001.125%XS2009861480Euronext Dublin (GEM)
Download Report
ESB Finance DACEUR2044100,000,0002%XS1981749044Euronext Dublin (GEM)
Download Report
ESB Finance DACEUR2033500,000,0002.125%XS1903442744Euronext Dublin (GEM)
Download Report
ESB Finance DACEUR2029500,000,0001.750%XS1560853670Euronext Dublin (GEM)
Download Report
ESB Finance DACEUR2031600,000,0001.875%XS1428782160Euronext Dublin (GEM)
Download Report
ESB Finance DACGBP2035325,000,0001.875%XS2105811116Euronext Dublin (GEM)
Download Report
NIE Finance PLCGBP2026400,000,0006.375%XS0633547087London Stock ExchangeDownload Report
NIE Finance PLCGBP2025350,000,0002.500%XS1820002308London Stock Exchange

Download Report
ESB Finance DACEUR2027500,000,0002.125%XS1239586594Euronext Dublin (GEM)
Download Report
ESB Finance DACEUR2028500,000,0004%XS2697983869 Euronext Dublin (GEM)
Download Report
ESB Finance DACEUR2036500,000,0004.25%XS2697970536 Euronext Dublin (GEM)
Download Report

 

 

ESB Capital Markets Funding

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. 

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.