Debt & Bonds

Financing policy

Capgemini’s 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 €1.0 billion multi-currency syndicated credit facility undrawn at June 31, 2021);
- market financing via bond issues with a large investor base (see further below);
a good level of liquidity and sustainable financial resources.

Net debt as at June 30, 2021 is as follows:

(in millions of euros)	30/06/2021
Cash and cash equivalents	2,607
Cash management assets	322
Bonds^*	-7,676
Other debts	-78
Derivative instruments	–

Net debt	-4,826
* at amortized cost, including accrued interest.

The credit rating attributed by the rating agency Standard & Poor’s as at October 7, 2020, was BBB, with stable outlook.

Outstanding bonds issued by the Group are: