Financial Information
Financing
To preserve a balanced capital structure and match financial resources with funding requirements, the key guidelines are that long-term debt is primarily used to support long-term investments, while short-term debt is used to support ongoing business in financing its main working capital needs
Diversified sources of funds
42% of long-term financing came from debt capital markets
Well-distributed debt maturity profile
Average maturity of long-term debt of 4.1 years
Sizeable amount of committed facilities
US$ 3.5 Bn of undrawn committed bank lines
Sound Balance Sheet Structure
The balance sheet as of 31 December 2020 showed an excess of long-term resources of US$ 1.4 billion
14,671
Fixed assets & investments
3,993
Other non-current assets (net)
815
Less liquid working capital
2,375
RMI
5,246
Liquid assets below 3 months
41
Current financial assets
2,201
Use of Capital
14,671
Equity
4,870
LT Debt
3,690
ST Debt
6,111
Source of Capital
14,671
Fixed assets & investments
3,993
Other non-current assets (net)
815
Less liquid working capital
2,375
RMI
5,246
Liquid assets below 3 months
41
Current financial assets
2,201
Use of Capital
14,671
Equity
4,870
LT Debt
3,690
ST Debt
6,111
Source of Capital
Long-term Financing Split by Nature
2020 (In US$ million)
Debt capital markets
1,522
%
Drawn revolving credit facilities
15
%
Term loans from banks
2,064
%
2019 (In US$ million)
Debt capital markets
1,307
%
Drawn revolving credit facilities
296
%
Term loans from banks
1,996
%
Debt capital markets
Drawn revolving credit facilities
Term loans from banks
Long-term Financing Maturity
In US$ million
2020
2019
0
0
Maturity below 1 year
0
0
Maturity between 1-2 years
0
0
Maturity between 2-3 years
0
0
Maturity between 3-4 years
0
0
Maturity between 4-5 years
0
0
Maturity > 5 years
Debt Capital Markets
Bonds
| ISIN Code | Currency | Amount | Coupon | Maturity | Market |
|---|---|---|---|---|---|
| XS1560991637 | EUR | EUR400m | 4.00% | 07/02/2022 | Luxembourg stock exchange |
| XS1629414704 | USD | USD300m | 5.25% | 13/06/2023 | Luxembourg stock exchange |
| XS2264074647 | EUR | EUR650m | 2.375% | 27/11/2025 | Luxembourg stock exchange |
| XS2332552541 | EUR | EUR500m | 1.625% | 28/04/2028 | Luxembourg stock exchange |
Prospectus
- Prospectus – 2021-04 26/04/2021
- Agency Agreement 28/04/2021
- Supplemental Agency Agreement 02.09.2021
- Prospectus – 2020-11 25/11/2020
- Prospectus – 2017-06 04/12/2017
- Prospectus – 2017-02 17/11/2016
Notices
- Issuer Substitution 01/09/2021
- Issuer Substitution 18/08/2021
Issuer’s articles of association
- Articles of association – LDC Finance BV 01/09/2021