Bonds and credit rating

PostNL currently has two Eurobonds outstanding, both listed on Euronext Amsterdam:

• POSTNL 4.750% 2031 (ISIN XS2803804314), nominal value outstanding €300 million
• POSTNL 0.625% 2026 (ISIN XS2047619064), nominal value outstanding €300 million

In November 2024, a Eurobond of €353 million was redeemed.

In June 2024, a new Sustainability-Linked Bond of €300 million was issued, with maturity in 2031. The net proceeds are used for general corporate purposes. PostNL will publish an annual update on Sustainability-Linked Financing in the Annual Report as part of the Sustainability Statement, General disclosures. The three key performance indicators (KPIs) in the Sustainability-Linked Financing Framework (Framework) are closely related to PostNL’s ESG strategy. PostNL is committed to reduce its absolute scope 1 and 2 GHG emissions by over 90% and its absolute scope 3 GHG emissions by 45% by 2030 from a 2021 base year. Alongside this, the company aims to increase its share of females in senior management positions to 36% in 2030. The interest rate is linked to three sustainable performance target conditions that are described in the terms and conditions in the prospectus. In case PostNL fails to achieve one or more of these conditions by 2030, a single 100 bps coupon step-up, payable on the final interest payment date, will be applicable.

The second Eurobond is a Green Bond, issued in September 2019 and maturing in 2026, based on PostNL's Green Bond Framework. The net proceeds are being used to finance and/or refinance new and/or existing eligible green projects. The eligible green projects focus on green kilometres, sustainable buildings, and innovation and efficiency. PostNL. During the tenor of the Green Bond, the company will annually publish a separate Green Bond Report in line with the framework until an amount equal to the net proceeds of the Green Bond has been allocated to the eligible green projects. PostNL published its fifth Green Bond Report on 8 April 2024.

These bonds highlight the company’s commitment towards becoming a truly sustainable e-commerce logistics provider and enables the company to contribute meaningfully to the United Nations Sustainable Development Goals ‘Decent work and economic growth’, ‘Climate action’, 'Industry, innovation, and infrastructure’ and ‘Responsible consumption and production’

More information can be found on our website.

In accordance with PostNL’s financial framework, the company is aiming for a leverage ratio (adjusted net debt/EBITDA) not exceeding 2.0. Currently, PostNL is rated by Standard & Poor’s (S&P) at BBB with negative outlook.