Funding
Funding
Situation 30/06/2020
| Currency | Facility Amount | Outstanding Amount | |
|---|---|---|---|
| Capital markets funding | |||
| Bonds EMTN | EUR | 3,500M EUR | 2,100M EUR |
| Bonds YEN | YEN | 1.5B YEN | 1.5B YEN |
| Investment Loans | EUR | 400M EUR | 400M EUR |
| Commercial paper | EUR | 1,000M EUR | 0 EUR |
| Credit facilities | |||
| Syndicated bank facilities | EUR | 600M EUR | 297M EUR |
| Overdraft facilities | EUR | 100M EUR | 0 EUR |
Debt maturity schedule on 30 June 2020 (in m€)
Capital markets funding
EMTN Program and Bonds
Proximus has established a Euro Medium Term Note (EMTN) Program for its long-term funding needs. The Program enables Proximus to issue unsecured bonds with a tenor of minimum 1 year within a EUR 3,500 million program.
2020 – Information Memorandum 7 April 2020
2019 – Information Memorandum 20 March 2019
Proximus has issued the following unsecured bonds under its EMTN Program:
| Amount | Tenor | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| 500M EUR | 5 years | 22 march 2022 | 0.500% | BE0002273424 |
| 100M EUR | 10 years | 22 may 2023 | 2.256% | BE6252911977 |
| 600M EUR | 10 years | 4 april 2024 | 2.375% | BE6265262327 |
| 500M EUR | 10 years | 1 oct 2025 | 1.875% | BE0002237064 |
| 150M EUR | 15 years | 20 march 2028 | 3.19% | BE6251142749 |
| 100M EUR | 12,5 years | 8 september 2031 | 1.75% | BE0002639202 |
| 150M EUR | 20 years | 14 may 2040 | 1.5% | BE0002697788 |
- Announcement 29 September 2015: Result of the tender offer on outstanding bond.
- Announcement 21 September 2015: tender offer on outstanding bonds.
Bonds Yen
On March 27th of 2015, 85% of JPY 10 billion Note due in December 2026 have been bought back with settlement on April 1st 2015. The remaining 15% (EUR 11 million) will mature in 2026.
Proximus (previously Belgacom) has issued the following Yen private placements.
| Amount | Tenor | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| 10B YEN | 30 years | 16 dec 2026 | - | BE007199961 |
Commercial Paper Program
Proximus has established a commercial paper program for the issue of short term treasury notes (thesauriebewijzen/billets de trésorie). The program enables Proximus to issue commercial papers with a tenor of maximum 12 months within a EUR 1 billion program. The commercial paper program is a complement to Proximus’ core funding.