Investor Presentaiton
Debt Management in 2022 (cont'd)
Total redemptions EUR 1.3 billion equivalent
EUR 1.16 billion equivalent bond matured in May 2022 (USD 1.5 billion)
EUR 0.14 billion equivalent bond matured in April 2022 (CHF 0.175 billion)
Bond auctions stable on third Monday of each month except July, August & December
✓ Four bonds offered in all auctions
✓ Special auction of 2068 bond with remuneration in June - followed investor demand
Financing still relatively cheap
Weighted average yield at 1.71% p.a. (new issuance); weighted average maturity 14.8 years (new issuance)
Strong presence of ECB
ECB holds more than 45% of issued government bonds
✓ Continuing reinvestments - no timeline specified when ECB will stop reinvestments
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ARDAL
Source: Ardal as of September 2022View entire presentation