Debt Funding Information
We have a strong funding position with a balanced debt portfolio including a range of bonds, wholesale and retail, at competitive cost across a number of currencies, with varying maturities including significant long-term funding, and a range of bank facilities from a core group of banks.
Details of all our bonds are provided in the table below:
|Description||ISIN||Start date||Maturity date||Issued amout||Coupon class||Coupon||Listing||Rating|
|EUR EMTN||XS1054714248||07-Apr-14||07-Apr-21||EUR 412,000,000*||Fixed||5.75%||London||Fitch BB (outlook negative)|
|GBP EMTN Retail||XS0919406800||08-May-13||08-May-20||GBP 101,500,000||Fixed||6.125%||London||Fitch BB (outlook negative)|
|PLN PMTN||PLIPFIP00033||03-Jun-15||03-Jun-20||PLN 200,000,000||Floating||4.25% + 6M WIBOR||Poland||No|
|RON EMTN||XS1527191081||06-Dec-16||06-Dec-19||RON 79,500,000||Fixed||8.00%||Ireland||No|
|SEK EMTN||XS1839710347||15-Jun-18||15-Jun-22||SEK 450,000,000||Floating||8.75% + 3m SITBOR (0% floor)||Sweden||No|
*Includes €100 million tap transacted in April 2015 and €12 million tap transacted in December 2017
The prospectus is dated 8 May 2018 relating to the €1,000,000,000 Euro Medium Term Note Programme.
View it here (PDF).
The supplementary prospectus dated 31 October 2018 relating to the €1,000,000,000 Euro Medium Term Note Programme.
View it here (PDF)
Drawdown prospectus relating to SEK 450m bond transacted in June 18.
View it here (PDF).
Our bilateral facilities reflect a broad banking group that has a good strategic and geographical fit with our operations. These facilities range from overdrafts to five year facilities and are extended on a rolling basis. A list of the banking institutions are detailed below:
- Santander Group (incl. BZWBK)
- OTP Bank
- K&H (part of the KBC Group)
As at 27 November 2018 we had a total of c.£884.9 million of debt facilities in place.
|Bonds||2018 £m||2019 £m||2020 £m||Jan -
Mar 2021 £m
|Apr - Dec
|Multi-Currency Bank Facilities||2018 £M||2019 £M||2020 £M||Jan-Mar 2021 £M||Apr-Dec
|Term bank facilities||26.8||36.1||68.7||24.2||102.1||9.0||10.9||277.9|
|On demand facilities||19.4||-||-||-||-||-||-||19.4|
|Total bank facilites||46.2||36.1||68.7||24.2||102.1||9.0||10.9||297.3|