Bondholder Information
O O Qs
Introduction Report of the Executive Board Report of the Supervisory Board
In 2008, HEINEKEN established a Euro Medium Term Note (EMTN) Programme which was last updated
in March 2019. The programme allows Heineken N.V. to issue Notes for a total amount of up to €20 billion.
Approximately €9.3 billion is outstanding under the programme per 31 December 2019.
Heineken N.V. was assigned solid investment grade credit ratings by Moody's Investors Service and Standard
Poor's in 2012. The ratings from both agencies, Baa1/P-2 and BBB+/A-2 respectively, have 'stable' outlooks
as per the date of the 2019 Annual Report.
In 2019 the following notes were issued under HEINEKEN's Euro Medium Term Note Programme:
- In May 2019, €200 million of 2-year Fixed Rate to Floating Rate Notes with an initial coupon of 0.00%
- In June 2019, €100 million tap into 17 March 2031 Notes with a yield of 1.23%, which are listed on the
Luxembourg Stock Exchange
- In July 2019, €200 million tap into 4 May 2026 Notes with a yield of 0.28%, which are listed on the
Luxembourg Stock Exchange
Traded Interest
Heineken N.V. Notes Issue date Total face value rate Maturity ISIN code
EUR EMTN 2020
2 August 2012
EUR 1,000 million
2.125%
4 August 2020
XS0811554962
EUR EMTN 2021
4 April 2013
EUR 500 million
2.000%
6 April 2021
XS0911691003
EUR EMTN 2021
10 September 2015
EUR 500 million
1.250% 10 September 2021
XS1288852939
144A/RegS 2022
3 April 2012
USD 750 million
3.400%
1 April 2022
US423012AA16
144A/RegS 2023
10 October 2012
USD 1,000 million
2.750%
1 April 2023 US423012AD54
EUREMTN2023
23 October 2015
EUR 140 million
1.700%
23 October 2023
XS1310154536
EUREMTN2024
19 March 2012
EUR 500 million
3.500%
19 March 2024
XS0758420748
EUREMTN2024
7 December 2015
EUR 460 million
1.500%
7 December 2024
XS1330434389
EUREMTN2025
2 August 2012
EUR 750 million
2.875%
4 August 2025
XS0811555183
EUREMTN2025
20 October 2015
EUR 225 million
2.000%
20 October 2025
XS1309072020
EUREMTN2026
4 May 2016
EUR 1,000 million1
1.000%
4 May 2026
XS1401174 633
EUREMTN2027
29 November 2016
EUR 500 million
1.375%
29 January 2027
XS1527192485
EUREMTN2027
17 September 2018
EUR 600 million
1.250%
17 March 2027
XS1877595444
Heineken N.V. Annual Report 2019
Financial Statements
Sustainability Review
Other Information
Traded
Heineken N.V. Notes
Issue date
Total face value
Interest
rate
Maturity
ISIN code
144A/RegS2028
29 March 2017
USD 1,100 mi
lion
3.500%
29 January 2028
US423012AF03
EUR EMTN 2029
30 January 2014
EUR 200 mi
lion
3.500%
30 July 2029
XS1024136282
EUR EMTN 2031
3 October 2017
EUR 800 mi
lion
1.500%
3 October 2029
XS1691781865
EUR EMTN 2031
17 September 2018
EUR 750 mi
lion2
1.750%
17 March 2031
XS1877595014
EUR EMTN 2032
12 May 2017
EUR 500 mi
lion
2.020%
12 May 2032
XS1611855237
EUR EMTN 2033
15 April 2013
EUR 180 mi
lion
3.250%
15 April 2033
XS0916345621
EUR EMTN 2033
19 April 2013
EUR 100 mi
lion
2.562%
19 April 2033
XS0920838371
144A/RegS2042
10 October 2012
USD 500 mi
lion
4.000%
1 October 2042
US423012AE38
144A/RegS2047
29 March 2017
USD 650 mi
lion
4.350%
29 March 2047
US423012AG85
1 Includes EUR 200 million tap issued on 15 July 2019.
2 Includes EUR 100 million tap issued on 5 June 2019.
The EMTN programme and the above Heineken N.V. Notes issued thereunder are listed on the Luxembourg
Stock Exchange.
Traded Heineken Asia Interest
MTN Pte. Ltd. Notes Issue date Total face value rate Maturity ISIN code
SGD MTN 2020
3 March 2009 SGD 21.75 million
3.780%
3 March 2020
SG7V34954621
SGD MTN 2022
7 January 2010 SGD 16.25 million
4.000%
7 January 2022
SG7U93952517
The above Heineken Asia MTN Pte. Ltd. Notes are listed on the Singapore Exchange.
HEINEKEN has a €2.0 billion Euro Commercial Paper (ECP) programme to facilitate its cash management
operations and to diversify its funding sources. There was €532 million ECP in issue per 31 December 2019.
