Bond issue supports long-term infrastructure investment

Amsterdam Airport Schiphol has raised €500 million through a bond issue to support major investments aimed at improving overall airport quality and infrastructure.

The bonds were issued under Schiphol’s Euro Medium Term Note (EMTN) programme, with a maturity of nearly ten years and an interest coupon of 3.625%. The offering attracted strong investor interest, with the final order book reaching €3.2 billion. The bonds are listed on Euronext Amsterdam.

Funding aligned with long-term development programme

According to Schiphol, the financing will contribute to its long-term investment programme focused on enhancing the airport experience for passengers, airlines and employees.

The airport operator plans to invest approximately €10 billion by 2035 to improve facilities and operational performance.

Financial strategy balances investment and stability

Schiphol Chief Financial Officer Robert Carsouw stated that the funding will support financial stability while enabling continued investment in infrastructure upgrades.

The airport expects expenditure to exceed earnings in the coming years as it works to improve operations and service quality. As a result, additional borrowing forms part of a broader strategy to balance operating costs, airport charges and capital investment.

Objective to improve European ranking

Schiphol aims to restore its position among the top three airports in Europe in terms of quality through the planned upgrades.

The bond issuance will also support the refinancing of existing loans. Deutsche Bank, ING, NatWest Markets and SMBC acted as joint bookrunners for the transaction.