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Debt Structure as of June 30, 2022

08/04/2022 - 01:00 PM

IIQ 2022 Results

Reported adjusted gross financial debt: € 30,188 mln

Liquidity Margin - € bln
Out of € 6,57 bln Financial Assets3,92+
Revolving Credit Facility of € 4 bln expiring in January 20234,00=
Liquidity Margin

7,92

 

  • Average debt maturity: 6.92 years (only bond maturity: 6.78 years)
  • Fixed rate portion on gross debt approximately 75%
  • About 32% of the outstanding bonds (face value) is denominated in USD and GBP and it's fully hedged
  • Cost of debt: ~ 4,0%

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 831 €/mln (of which 198 €/mln on bonds)
  • the impact on Financial Assets is equal to 805 €/mln. 

Therefore, the Net Financial Indebtedness is adjusted by 26 €/mln.