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Debt Structure as of June 30, 2021

07/28/2021 - 03:45 PM

IIQ 2021 Results

Reported adjusted gross financial debt: € 29,395 mln

Liquidity Margin - € bln
Out of € 7.32 bln Financial Assets6.28+
Revolving Credit Facility of € 4 bln expiring in January 20234.00=
Liquidity Margin

10.28

 

  • Average debt maturity: 6.91 years (only bond maturity: 6.57 years)
  • Fixed rate portion on gross debt approximately 71%
  • About 25% of the outstanding bonds (face value) is denominated in USD and GBP and it's fully hedged
  • Cost of debt: ~ 3.6%

NOTE: The figures are net of the adjustment due to the fair value measurement of derivatives and related financial liabilities/assets, as follows:

  • the impact on Gross Financial Debt is equal to 1,665 €/mln (of which 248 €/mln on bonds)
  • the impact on Financial Assets is equal to 1,410 €/mln. 

Therefore, the Net Financial Indebtedness is adjusted by 255 €/mln.