Debt & bonds
Here are the information relarted to Debt & bonds as Capgemini.

Financing policy

The Capgemini financing policy is intended to provide the Group with adequate financial flexibility and is based on the following main criteria:

  • a moderate use of debt leveraging,
  • diversified financing sources adapted to the Group’s financial profile
    • bank financing (mainly a €750 million multi- currency syndicated credit facility undrawn at December 31, 2019 and a €4,400 million bridge facility put in place as part of the tender offer on Altran for €4,400 million undrawn at December 31, 2019) and
    • market financing via bond issues with a large investor base (see further below),
  • a good level of liquidity and sustainable financial resources.

Net debt

Net debt as at December 31, 2019 (i.e. ex-Altran) is as follows:

(in millions of euros) 31/12/2019
Cash and cash equivalents 2,450
Cash management assets 213
Bonds* -3,267
Other debts -3
Derivative instruments 7

Net debt -600
* at amortized cost, including accrued interest.

Financial rating

The credit rating attributed by the rating agency Standard & Poor’s as at March 24, 2020, was BBB, with stable outlook.

Bonds

As at December 31, 2019, outstanding bonds issued by the Group were :

ISIN Bond issue
(settlement)
Maturity Amount (nominal) Coupon
(nominal rate)
FR0012821932 01/07/2015 01/07/2020 676 1.75%
FR0012821940 01/07/2015 01/07/2023 1,000 2.50%
FR0013218138 09/11/2016 09/11/2021 500 0.50%
FR0013327962 18/04/2018 18/10/2024 600 1.00%
FR0013327988 18/04/2018 18/04/2028 500 1.75%