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.
Bonds
Details of all our bonds are provided in the table below:
| Description | ISIN | Start date | Maturity date | Issued amount | Coupon class | Coupon | Listing | Rating |
|---|---|---|---|---|---|---|---|---|
| EUR EMTN | XS2256977013 | 12-Nov-20 | 12-Nov-25 | EUR 341,228,000 | Fixed | 9.75% | London | Fitch BB-, Moody’s Ba3 |
| GBP EMTN Retail | XS1998163148 | 14-Jun-19 | 14-Dec-23 | GBP 78,100,000 | Fixed | 7.75% | London | Fitch BB-, Moody's Ba3 |
| SEK EMTN | XS2385790824 | 19-Oct-21 | 19-Oct-24 | SEK 450,000,000 | Floating | 7.00% + 3m SITBOR (0% floor) | Sweden | No |
The prospectus is dated 26 August 2021 relating to the €1,000,000,000 Euro Medium Term Note Programme.
View it here (PDF)
Trust Deed dated 26 August 2021
View it here (PDF)
Documents relevant to the debt issuance programme
View here (PDF)
Bank facilities
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:
- Alior Bank S.A.
- Budapest Bank Zrt.
- mBank S.A.
- Československa Obchodni Banka A.S.
- CIB Bank Zrt.
- Expobank CZ a.s.
- GRÁNIT Bank Zrt.
- HSBC Bank PLC
- HSBC México, S. A.
- KDB Bank Európa Plc
- K&H Bank Zrt.
- OTP Bank Romania S.A. (Romania)
- OTP Bank Nyrt (Hungary)
- Santander Bank Polska S.A.
- Takarékbank Zrt.
- UniCredit Bank S.A. (Romania)
- UniCredit Bank Hungary Zrt. (Hungary)
- VÚB, a.s.
Debt facilities
As at 30 June 2021 we had a total of c.£596 million of debt facilities in place.
| Bonds | 2021 £m |
2022 £m |
2023 £m |
2024 £m |
2025 £m |
Total £m |
|---|---|---|---|---|---|---|
| Euro | - | - | - | - | 293.4 | 293.4 |
| Swedish | - | 37.9 | - | - | - | 37.9 |
| Retail | - | - | 78.1 | - | - | 78.1 |
| Total Bonds | - | 37.9 | 78.1 | - | 293.4 | 409.4 |
| Multi-Currency Bank Facilities | 2021 £m |
2022 £m |
2023 £m |
2024 £m |
2025 £m |
Total £m |
| Term Loans | - | 20.5 | 12.1 | 26.1 | - | 58.7 |
| Revolving credit facilities | 52.4 | 12.7 | 24.2 | - | - | 89.3 |
| On demand facilities | 38.7 | - | - | - | - | 38.7 |
| Total bank facilites | 91.1 | 33.2 | 36.3 | 26.1 | - | 186.7 |
| Total facilities | 91.1 | 71.1 | 114.3 | 26.1 | 293.4 | 596.1 |
| 15% | 12% | 19% | 5% | 49% | 100% | |