End September 2016, the Proximus net financial debt stood at € 1,711 million.
|Currency||Facility Amount||Outstanding Amount|
|Capital markets funding|
|Bonds EMTN||EUR||3,500M EUR||2,430M EUR|
|Bonds YEN||YEN||1.5B YEN||1.5B YEN|
|Commercial paper||EUR||1,000M EUR||0 EUR|
|Syndicated bank facilities||EUR||550M EUR||0 EUR|
|Overdraft facilities||EUR||110M EUR||0 EUR|
Debt maturity schedule on 30 September 2016 (in m€)
Capital markets funding
Proximus (previously Belgacom) has issued the following unsecured bonds under its 3.500M EUR Euro Medium Term Note (EMTN) Program (updated 3 September 2015).
|675M EUR||10 years||23 nov 2016||4.375%||BE0932180103|
|405M EUR||7 years||7 feb 2018||3.875%||BE6215434620|
|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|
Announcement 29 September 2015: Result of the tender offer on outstanding bond.
Announcement 21 September 2015: tender offer on outstanding bonds.
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.
|10B YEN||20 years||6 nov 2015||-||BE006150594|
|10B YEN||20 years||11 nov 2015||-||BE006152643|
|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.
Syndicated bank facility
Proximus (previously Belgacom) has 2 standby credit facilities; both are revolvers and are provided by a wide range of local and international banks. These facilities also serve as back-up against the refinancing risk related to any issued commercial papers.
|150M EUR||5 years||June 2019|
|400M EUR||5 years||Sep 2017|
Proximus has overdraft facilities with local and international banks for a total amount of 260 M EUR. Typically, these facilities are extended on a yearly or bi-yearly basis.
|Moody’s||Standard & Poor’s|
|Long term rating||A1||A|
|Short term rating||P-1||A-1|