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)|
|EUR EMTN||XS1072531491||23-May-14||23-May-18||EUR 28,250,000||Fixed||4.25%||London||No|
|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|
|CZK EMTN||XS0996458732||21-Nov-13||21-Nov-18||CZK 250,000,000||Fixed||5.25%||London||No|
|CZK EMTN||XS1331115773||10-Dec-15||10-Dec-18||CZK 200,000,000||Fixed||5.50%||London||No|
|RON EMTN||XS1325222948||02-Dec-15||02-Dec-18||RON 43,500,000||Fixed||7.00%||London||No|
|RON EMTN||XS1325223086||02-Dec-15||02-Dec-18||RON 22,000,000||Fixed||7.00%||London||No|
|RON EMTN||XS1527191081||06-Dec-16||06-Dec-19||RON 79,500,000||Fixed||8.00%||Ireland||No|
*Includes €100 million tap transacted in April 2015 and €12 million tap transacted in December 2017
The prospectus is dated 4 May 2017 relating to the €1,000,000,000 Euro Medium Term Note Programme.
View it here (PDF).
A supplement to the prospectus dated 4 May 2017 was published on 16 June 2017. View it here (PDF).
A supplement to the prospectus dated 4 May 2017 was published on 23 November 2017. 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 three year facilities and are provided by the following institutions:
- Santander Group (incl. BZWBK)
- OTP Bank
- K&H (part of the KBC Group)
As at the end of December 2016 we had a total of c.£775 million of debt facilities in place.
|Bonds||2017 £m||2018 £m||2019 £m||2020 £m||2021 £m||Total £m|
|Multi-Currency Bank Facilities||2017 £M||2018 £M||2019 £M||2020 £M||2021 £M||Total £M|
|Term bank facilities||42.2||13.5||136.2||-||-||191.9|
|On demand facilities||14.6||-||-||-||-||14.6|
|Total bank facilites||56.8||13.5||136.2||-||-||206.5|