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
25% of non-long-term financing came from debt capital markets
Well-distributed debt maturity profile
Average maturity of long-term debt of 4 years
Sizeable amount of committed facilities
US$ 3.1 Bn of undrawn committed bank lines with maturities beyond 1 year
Sound Balance Sheet Structure
The balance sheet as of 31 December 2019 showed an excess of long-term resources of US$ 748 million
12,739
Fixed assets & investments
4,292
Other non-current assets (net)
1,413
Less liquid working capital
1,614
RMI
4,293
Liquid assets below 3 months
47
Current financial assets
1,080
Use of Capital
12,739
Equity
4,798
LT Debt
3,269
ST Debt
4,672
Source of Capital
12,739
Fixed assets & investments
4,292
Other non-current assets (net)
1,413
Less liquid working capital
1,614
RMI
4,293
Liquid assets below 3 months
47
Current financial assets
1,080
Use of Capital
12,739
Equity
4,798
LT Debt
3,269
ST Debt
4,672
Source of Capital
Long-term Financing Split by Nature
2019 (In US$ million)
Debt capital markets
1,307
%
Drawn revolving credit facilities
296
%
Term loans from banks
1,996
%
2018 (In US$ million)
Debt capital markets
1,302
%
Drawn revolving credit facilities
450
%
Term loans from banks
1,255
%
Debt capital markets
Drawn revolving credit facilities
Term loans from banks
Debt Maturity
In US$ million
2019
2018
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% | 02/07/2022 | 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
- Prospectus – 2020-11 25/11/2020
- Prospectus – 2017-06 04/12/2017
- Prospectus – 2017-02 17/11/2016
Issuer’s articles of association
- Articles of association – LDC BV 26/04/2021