POSIZIONE FINANZIARIA
(a fine settembre 2015 )
Nessuna esigenza di rifinanziamento fino al 2017
Solida liquidità
Le obbligazioni non sono soggette a covenants finanziari nè a rating pricing grids
La vita media del debito è di ≈ 8 anni
(€mil)
Dollar Bond
432
521
2015
739
500
388
555
46
46
46
46
46
46
46
2016
2017
2018
2019
2020
2021
2022
500
2025
268
2039
446
Sterling Bond
Euro Bond
EIB
2040
(€mil)
Bond
Initial Amount
Dollar 2019
Euro 2017
Euro 2021
Euro 2022
Sterling 2019
$500
€ 600
€ 950
€ 600
£400
Repaid Amount Repayment Date
$66
€ 79
€ 211
€ 45
£81
2012
July 2015
July 2015
July 2015
July 2015
1
FINANCIAL POSITION
(as of end of September 2015)
No refinancing needs before end 2017
Strong liquidity position
Bonds have neither financial covenants nor rating pricing grids
Average life ≈ 8 years
(€mil)
Dollar Bond
432
521
2015
739
500
388
555
46
46
46
46
46
46
46
2016
2017
2018
2019
2020
2021
2022
500
2025
268
2039
446
Sterling Bond
Euro Bond
EIB
2040
(€mil)
Bond
Initial Amount
Dollar 2019
Euro 2017
Euro 2021
Euro 2022
Sterling 2019
$500
€ 600
€ 950
€ 600
£400
Repaid Amount Repayment Date
$66
€ 79
€ 211
€ 45
£81
2012
July 2015
July 2015
July 2015
July 2015
2