12.2
DKK bn
Net debt
3.0
x
Financial leverage
Below 3
x
leverage target by end 2022
credit ratings
Current credit ratings for ISS A/S
ISS has an Investment Grade rating from the two largest global credit rating agencies, Moody’s and S&P. ISS maintains a close relationship with the agencies by providing continuous and relevant information to the agencies on an ongoing basis.
© by Standard & Poor's, A Division of The McGraw-Hill Companies, Inc. Reproduced with permission of Standard & Poor's. Standard & Poor's Ratings Services is a global leader in objective, insightful risk analyses and evaluations of the creditworthiness of issuers worldwide. For more information on Standard & Poor's ratings, products and services, visit: www.standardandpoors.com.
© Copyright 2006, Moody's Investors Service, Inc. and/or its licensors including Moody's Assurance Company Inc. (together "MOODY'S"). All rights reserved. For more information on Moody's ratings, products and services, visit: www.moodys.com.
© Copyright 2006, Moody's Investors Service, Inc. and/or its licensors including Moody's Assurance Company Inc. (together "MOODY'S"). All rights reserved. For more information on Moody's ratings, products and services, visit: www.moodys.com.
information for bond holders
Financial reports for ISS Global A/S
ISS Global A/S is a subsidiary of ISS A/S
IMPORTANT NOTICE
This website should not be construed as the giving of advice or the making of a recommendation (actual or implied) and should not be relied on as the basis for any decision or action. In particular, actual results and developments may be materially different from any forecast, opinion or expectation expressed in this website, or documents contained in it, and the past performance of the price of debt securities must not be relied on as a guide to their future performance.
Neither ISS Global A/S nor any group company (“ISS”) warrants the accuracy or completeness of any information contained in or referred to in the material on this website.
No person shall have any right of action (except in the case of fraud) against ISS, its directors, employees, agents or any other person in relation to the accuracy, nature or completeness of the information contained on this website. To the extent permitted by law, ISS and its directors, employees, agents exclude all liability for any loss or damage arising from the use of, or reliance on, the material contained on this website whether or not caused by a negligent act or omission.
The information contained on the website has been prepared for information purposes only and as a matter of record, and does not constitute, or form part of any offer or invitation to underwrite, subscribe for or otherwise acquire or dispose of, or any solicitation of any offer to underwrite, subscribe for or otherwise acquire or dispose of, any of the debt or other securities of ISS or any other person.
In particular, the information contained on this website does not constitute an offer of securities for sale in the United States. None of the securities described directly or indirectly referred to in the information on the website have been nor will they be registered under the US Securities Act of 1933, as amended (“Securities Act”). Such securities may not be offered or sold in the United States or to, or for the account or benefit of, US persons (as defined in Regulation S under the Securities Act) unless registered under the Securities Act or pursuant to an exemption from, or in a transaction not subject to, such registration.
In addition, the information contained on this website has not been and may not be disseminated, distributed, sent, retransmitted or otherwise transferred to US persons or any person residing of or located in, or a partnership or corporation organized or incorporated or registered in the United States or a person acting on behalf of the foregoing.
The release, publication or distribution of documents on the website in certain jurisdictions may be restricted by the law and therefore persons in certain jurisdictions into which such documents are released, published, distributed or otherwise accessible should inform themselves about and observe any such restrictions.
Regarding information not prepared by ISS itself, the information on which the material contained on this website is based has been obtained from sources which ISS believes to be reliable but ISS is not responsible for the accuracy and completeness of information supplied to it.
In the United Kingdom any information in the following web pages which may be construed as a financial promotion within section 21 of the Financial Services and Markets Act 2000 is exempt under Article 69 of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2001 (“FPO”). For the avoidance of doubt, the information contained in this website does not (a) constitute an invitation to underwrite, subscribe for or otherwise acquire or dispose of any “controlled investments” or enter into a transaction or otherwise make use of services provided by ISS or any named person or (b) constitute an inducement relating to any investments other than those issued by ISS.
Confirmation of understanding and acceptance of disclaimer
In accessing this document, you confirm that you have read and understood the disclaimer set out above. You also confirm that you understand that it may affect your rights and agree to be bound by its terms. You further confirm that you are permitted to proceed to this part of the website and will not distribute the document directly or indirectly (including by means of providing a direct electronic link) to any other party other than with the prior written consent of ISS.
By accessing this document, you certify that you are not a US person or a resident of or located in, or a partnership or corporation organized or incorporated or registered in the United States or a person acting on behalf of the foregoing and agree that you will not retransmit, send or otherwise transfer any of the information contained on this website to any US person or person in or resident in the United States.
PLEASE NOTE that it is your responsibility to satisfy yourself as to the full observance of any relevant laws and regulatory requirements. If you are in any doubt, you should not continue to seek access to this document.
Please click here to access the document on the terms set out above.
This website should not be construed as the giving of advice or the making of a recommendation (actual or implied) and should not be relied on as the basis for any decision or action. In particular, actual results and developments may be materially different from any forecast, opinion or expectation expressed in this website, or documents contained in it, and the past performance of the price of debt securities must not be relied on as a guide to their future performance.
Neither ISS Global A/S nor any group company (“ISS”) warrants the accuracy or completeness of any information contained in or referred to in the material on this website.
No person shall have any right of action (except in the case of fraud) against ISS, its directors, employees, agents or any other person in relation to the accuracy, nature or completeness of the information contained on this website. To the extent permitted by law, ISS and its directors, employees, agents exclude all liability for any loss or damage arising from the use of, or reliance on, the material contained on this website whether or not caused by a negligent act or omission.
The information contained on the website has been prepared for information purposes only and as a matter of record, and does not constitute, or form part of any offer or invitation to underwrite, subscribe for or otherwise acquire or dispose of, or any solicitation of any offer to underwrite, subscribe for or otherwise acquire or dispose of, any of the debt or other securities of ISS or any other person.
In particular, the information contained on this website does not constitute an offer of securities for sale in the United States. None of the securities described directly or indirectly referred to in the information on the website have been nor will they be registered under the US Securities Act of 1933, as amended (“Securities Act”). Such securities may not be offered or sold in the United States or to, or for the account or benefit of, US persons (as defined in Regulation S under the Securities Act) unless registered under the Securities Act or pursuant to an exemption from, or in a transaction not subject to, such registration.
In addition, the information contained on this website has not been and may not be disseminated, distributed, sent, retransmitted or otherwise transferred to US persons or any person residing of or located in, or a partnership or corporation organized or incorporated or registered in the United States or a person acting on behalf of the foregoing.
The release, publication or distribution of documents on the website in certain jurisdictions may be restricted by the law and therefore persons in certain jurisdictions into which such documents are released, published, distributed or otherwise accessible should inform themselves about and observe any such restrictions.
Regarding information not prepared by ISS itself, the information on which the material contained on this website is based has been obtained from sources which ISS believes to be reliable but ISS is not responsible for the accuracy and completeness of information supplied to it.
In the United Kingdom any information in the following web pages which may be construed as a financial promotion within section 21 of the Financial Services and Markets Act 2000 is exempt under Article 69 of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2001 (“FPO”). For the avoidance of doubt, the information contained in this website does not (a) constitute an invitation to underwrite, subscribe for or otherwise acquire or dispose of any “controlled investments” or enter into a transaction or otherwise make use of services provided by ISS or any named person or (b) constitute an inducement relating to any investments other than those issued by ISS.
Confirmation of understanding and acceptance of disclaimer
In accessing this document, you confirm that you have read and understood the disclaimer set out above. You also confirm that you understand that it may affect your rights and agree to be bound by its terms. You further confirm that you are permitted to proceed to this part of the website and will not distribute the document directly or indirectly (including by means of providing a direct electronic link) to any other party other than with the prior written consent of ISS.
By accessing this document, you certify that you are not a US person or a resident of or located in, or a partnership or corporation organized or incorporated or registered in the United States or a person acting on behalf of the foregoing and agree that you will not retransmit, send or otherwise transfer any of the information contained on this website to any US person or person in or resident in the United States.
PLEASE NOTE that it is your responsibility to satisfy yourself as to the full observance of any relevant laws and regulatory requirements. If you are in any doubt, you should not continue to seek access to this document.
Please click here to access the document on the terms set out above.
Funding
EMTN bonds
ISS’s funding is mainly comprised by issued bonds with fixed interest rates
| Issued bonds (fixed interest rate) | Nominal interest rate | Currency | Maturity | Nominal value in DKK million | 2020 carrying amount in DKK million |
|---|---|---|---|---|---|
| EMTNs (EUR 500 million) | 2.125% | EUR | 2024 | 3.720 | 3.709 |
| EMTNs (EUR 500 million) | 1.250% | EUR | 2025 | 3.720 | 3.690 |
| EMTNs (EUR 500 million) | 0.875% | EUR | 2026 | 3.720 | 3.690 |
| EMTNs (EUR 600 million) | 1.500% | EUR | 2027 | 4.463 | 4.448 |
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