EMTN Programme
The Euro Medium Term Note programme enables Schiphol Group to borrow funds for periods longer than one year in order to finance investments, redeem loans, finance dividend distributions and fund other types of general corporate expenditure.
Under this programme, Schiphol Group regularly attracts additional resources from institutional parties through private placements of loans. In addition, Schiphol Group occasionally issues public bond loans. These placements and issues, with terms of maturity ranging from more than one year to as much as 30 years, fall within the Euro Medium Term Note programme.
Public bond loans under the EMTN programme
- 2003
In 2003 Schiphol Nederland BV, a wholly-owned subsidiary of Schiphol Group, issued publicly tradable bonds for a nominal amount of EUR 300 million. The bonds, which have a term to maturity of ten years and an interest coupon of 4.375%, were placed. These bonds are listed on NYSE Euronext Amsterdam and the London Stock Exchange (ISIN Code: XS0171966269). - 2008
In 2008, Schiphol Group placed EUR 800 million in publicly tradable bonds (Eurobonds) with institutional investors. These bonds have a term to maturity to 2014 and an interest coupon of 6.625%. These bonds are listed on NYSE Euronext (ISIN Code: XS0399674216).
The EMTN programme
The programme was set up in 1999. The programme enables Schiphol Group to place bonds and private loans with professional investors via standard documentation. At present, the programme has an upper limit of EUR 2 billion.
Information on the structure of the current loan portfolio can be found in Schiphol Group’s Annual Report.
Further information on Schiphol Group’s EMTN programme can be found in: