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The Euro Medium Term Note programme enables Royal Schiphol Group to borrow funds for longer periods.
Royal Schiphol Group entered into a number of Schuldscheins and Namensschuldverschreibungs. Two loans with an aggregate amount of EUR 61 million mature in 2019. A third loan for an amount of EUR 25 million matures in 2023.
Multiple facility agreements were signed with respectively the European Investment Bank and KfW IPEX-Bank in relation to various capital projects at Amsterdam Airport Schiphol.
Royal Schiphol Group has two facility agreements with the European Investment Bank for a total of EUR 550 million, which have now been drawn in full (and which have since been partly repaid). These facilities are repaid in the years up to 2031. In addition, Schiphol Group entered into a new agreement with the European Investment Bank in 2017 for a total facility of EUR 350 million to finance the development of the new pier and terminal, comprising a committed facility of EUR 175 million and an uncommitted facility of EUR 175 million. As per 31 December 2017 no use has been made of this facility.
Schiphol Group also has an agreement with KfW IPEX-Bank for a facility of EUR 100 million until 2024, which is fully drawn.
Long term rating
Standard & Poor's: A+ stable outlook
Moody's: A1 stable outlook
Short term rating
Standard & Poor's: A-1