Financial position

Situation 31/12/2016

End December 2016, the Proximus net financial debt stood at € 1,861 million.
 

 


Funding

Situation 31/12/2016

  Currency Facility Amount Outstanding Amount
Capital markets funding
Bonds EMTN EUR 3,500M EUR 1,755M EUR
Bonds YEN YEN 1.5B YEN 1.5B YEN
Commercial paper EUR 1,000M EUR 405M EUR
Credit facilities
Syndicated bank facilities EUR 600M EUR 0 EUR
Overdraft facilities EUR 110M EUR 0 EUR

Debt maturity schedule on 31 December 2016 (in m€) 


Capital markets funding

Bonds EMTN

Proximus (previously Belgacom) has issued the following unsecured bonds under its 3.500M EUR Euro Medium Term Note (EMTN) Program (updated 14 March 2017).

 

Amount Tenor Maturity Coupon ISIN
405M EUR 7 years 7 feb 2018 3.875% BE6215434620
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

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.


Credit facilities

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. 

Amount Tenor Maturity
150M EUR 5 years June 2021
450M EUR 5 years Aug 2021

Overdraft facilities

Proximus has overdraft facilities with local and international banks for a total amount of 100M EUR. Typically, these facilities are extended on a yearly or bi-yearly basis.


Credit rating

Situation 31/12/2016

  Moody’s Standard & Poor’s
Long term rating A1 A
Outlook Stable Stable
Last change 21/01/2010 2/12/2011
Short term rating P-1 A-1