Note 13 Interest-bearing debt

The movements in new loans, repayments and security deposit repayments during the year gave rise to cash flows.

The carrying amount of the non-current and current interest-bearing debt is as follows:

Short and long-term interest-bearing debt

Short-term interest-bearing debt, amounting to €1 million as at year-end 2024 (2023: €901 million), is made up of the current portion of a green loan (€1 million).

On 7 October 2024, Alliander issued green bonds with a total nominal value of €750 million and a term of 10 years. The bonds were issued at 99.04% of par value with a coupon rate of 3.00%. The revenue will be used to enable more investments in the power grid for the energy transition. Prior to issuing green bonds, Alliander renewed its Green Finance Framework in May 2024.

As at year-end 2024, a carrying amount of €2,932 million (face value €2,950 million) had been issued under the EMTN programme. The bonds issued under the EMTN programme are listed on Euronext Amsterdam.

As at year-end 2024, no commercial paper was outstanding under the ECP programme (2023: €500 million).

Maturities of interest-bearing debt