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Financial Data > Financial structure > Debt structure

Debt structure

Traditional debt consisting of a single long-term loan for a nominal amount of €3.65bn:

  • £1.5bn in sterling and €1.965bn in euros
  • 6 tranches (3 in €, 3 in £) with an average life of 25 to 41 years
  • Interest payments including payments on hedging contracts: €201M in 2009
  • 1st repayment of principal in 2013
  • Original lenders: consortium consisting of Goldman Sachs International / Deutsche Bank AG
  • Investment Grade Rating of Baa2 (Moody's)

 

Current term loan (nominal value at 31 December 20091)

In €M In £M Total amount
in €M 1
Fixed-rate loans, indexed or inflation

367

750

1,212

Fixed-rate Loans

645

400

1,095

Floating-rate Loans2
  953


350


1,347

Total Loans 
1,965


1,500


3,654

 
1 Based on exchange rate of £1 = €1.126 at 31 December 2009
2 Floating-rate tranches are fully covered by interest-rate hedging contracts