{"id":3758,"date":"2019-05-09T13:10:12","date_gmt":"2019-05-09T13:10:12","guid":{"rendered":"https:\/\/investors.capgemini.com\/en\/?page_id=3758"},"modified":"2026-03-29T21:31:26","modified_gmt":"2026-03-29T19:31:26","slug":"debt-bonds","status":"publish","type":"page","link":"https:\/\/investors.capgemini.com\/en\/debt-bonds\/","title":{"rendered":"Debt &amp; Bonds"},"content":{"rendered":"<h2><strong>Financing policy<\/strong><\/h2>\n<p>Capgemini&#8217;s financing policy is intended to provide the Group with adequate financial flexibility and is based on the following main criteria:<\/p>\n<ul>\n<li>a moderate use of debt leverage: over the past ten years, Capgemini has striven to maintain at all times a limited level of net debt, including in the manner in which it finances its external growth;<\/li>\n<\/ul>\n<ul>\n<li>diversified financing sources adapted to the Group\u2019s financial profile: Capgemini bases its financing around \u201cbank\u201d sources (mainly a \u20ac1,000 million multi-currency syndicated credit facility undrawn at December 31, 2025 and bilateral credit facilities totaling \u20ac750 million, also undrawn at December 31, 2025) and \u201cmarket\u201d sources (bond issues totaling \u20ac8,300 million in principal at December 31, 2025 and a \u20ac1,600 million short-term negotiable debt securities program, unused at December 31, 2025);<\/li>\n<\/ul>\n<ul>\n<li>a good level of liquidity and sustainable financial resources, which means:\n<ul>\n<li>maintaining an adequate level of liquidity on the balance sheet (\u20ac3,032 million at December 31, 2025), supplemented mainly by a \u20ac1,000 million multi-currency syndicated credit facility secured on February 9, 2021 and maturing on February 7, 2028, and bilateral credit facilities totaling \u20ac750 million secured in the second half of 2024, with a 12-month maturity and an additional 12-month extension option (exercised in the second half of 2025),<\/li>\n<\/ul>\n<ul>\n<li>borrowings with maturities up to 2034, with only a limited portion falling due within 12 months (borrowings contractual cash flows due within less than one year), representing only 11% of total borrowings contractual cash flows at December 31, 2025.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h2><strong>Net debt<\/strong><\/h2>\n<p>Net debt as at December 31, 2025 is as follows:<\/p>\n<table>\n<tbody>\n<tr>\n<td style=\"text-align: center;\" width=\"355\">(in millions of euros)<\/td>\n<td style=\"text-align: center;\" width=\"154\"><strong>31\/12\/2025<\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"355\">Cash and cash equivalents<\/td>\n<td style=\"text-align: right;\" width=\"154\">2,814<\/td>\n<\/tr>\n<tr>\n<td width=\"355\">Cash management assets<\/td>\n<td style=\"text-align: right;\" width=\"154\">218<\/td>\n<\/tr>\n<tr>\n<td width=\"355\">Bonds<sup>*<\/sup><\/td>\n<td style=\"text-align: right;\" width=\"154\">(8,324)<\/td>\n<\/tr>\n<tr>\n<td width=\"355\">Other debts<\/td>\n<td style=\"text-align: right;\" width=\"154\">(14)<\/td>\n<\/tr>\n<tr>\n<td width=\"355\">Derivative instruments<\/td>\n<td style=\"text-align: right;\" width=\"154\"><\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" width=\"509\">\n<hr \/>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"355\"><strong>Net debt<\/strong><\/td>\n<td style=\"text-align: right;\" width=\"154\"><strong>(5,306)<\/strong><\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" width=\"509\">* at amortized cost, including accrued interest.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><strong>Financial rating<\/strong><\/h2>\n<p>The credit rating attributed by the financial rating agency Standard &amp; Poor\u2019s is BBB+, with stable outlook.<\/p>\n<h2><strong>Bonds<\/strong><\/h2>\n<p>Outstanding bonds issued by the Group are:<\/p>\n<table style=\"height: 347px;\" width=\"664\">\n<tbody>\n<tr>\n<td style=\"text-align: center;\" width=\"110\"><strong>ISIN<\/strong><\/td>\n<td style=\"text-align: center;\" width=\"143\"><strong>Bond issue<\/strong><br \/>\n(settlement)<\/td>\n<td style=\"text-align: center;\" width=\"142\"><strong>Maturity<\/strong><\/td>\n<td style=\"text-align: center;\" width=\"72\"><strong>Amount<\/strong> (nominal)<\/td>\n<td style=\"text-align: center;\" width=\"163\"><strong>Coupon <\/strong><br \/>\n(nominal rate)<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;\" width=\"110\"><a href=\"https:\/\/investors.capgemini.com\/en\/event\/2020-bonds-issuance\/\">FR0013507852<\/a><\/td>\n<td style=\"text-align: center;\">15\/04\/2020<\/td>\n<td style=\"text-align: center;\" width=\"142\">15\/04\/2026<\/td>\n<td style=\"text-align: right;\" width=\"116\">800<\/td>\n<td style=\"text-align: right;\" width=\"119\">1.625%<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;\" width=\"110\"><a href=\"https:\/\/investors.capgemini.com\/fr\/event\/2025-emission-obligataire\/\"><span data-teams=\"true\">FR0014012SC7<\/span><\/a><\/td>\n<td style=\"text-align: center;\"><span data-teams=\"true\">18\/09\/2025<\/span><\/td>\n<td style=\"text-align: center;\" width=\"142\"><span data-teams=\"true\">25\/09\/2027<\/span><\/td>\n<td style=\"text-align: right;\" width=\"116\">1,000<\/td>\n<td style=\"text-align: right;\" width=\"119\">3-month Euribor\u00a0 + 0.30%<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;\" width=\"110\"><a href=\"https:\/\/investors.capgemini.com\/en\/event\/2018-bonds-issuance\/\">FR0013327988<\/a><\/td>\n<td style=\"text-align: center;\">18\/04\/2018<\/td>\n<td style=\"text-align: center;\" width=\"142\">18\/04\/2028<\/td>\n<td style=\"text-align: right;\" width=\"72\">500<\/td>\n<td style=\"text-align: right;\" width=\"163\">1.750%<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;\" width=\"110\"><a href=\"https:\/\/investors.capgemini.com\/fr\/event\/2025-emission-obligataire\/\"><span data-teams=\"true\">FR0014012SB9<\/span><\/a><\/td>\n<td style=\"text-align: center;\"><span data-teams=\"true\">18\/09\/2025<\/span><\/td>\n<td style=\"text-align: center;\" width=\"142\"><span data-teams=\"true\">25\/09\/2028<\/span><\/td>\n<td style=\"text-align: right;\" width=\"116\">500<\/td>\n<td style=\"text-align: right;\" width=\"119\">2.500%<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;\" width=\"110\"><a href=\"https:\/\/investors.capgemini.com\/en\/event\/2020-bonds-issuance\/\">FR0013507860<\/a><\/td>\n<td style=\"text-align: center;\">15\/04\/2020<\/td>\n<td style=\"text-align: center;\" width=\"142\">15\/04\/2029<\/td>\n<td style=\"text-align: right;\" width=\"116\">1,000<\/td>\n<td style=\"text-align: right;\" width=\"119\">2.000%<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;\" width=\"110\"><a href=\"https:\/\/investors.capgemini.com\/en\/event\/2020-bonds-issuance-2nd\/\">FR0013519071<\/a><\/td>\n<td style=\"text-align: center;\">23\/06\/2020<\/td>\n<td style=\"text-align: center;\" width=\"142\">23\/06\/2030<\/td>\n<td style=\"text-align: right;\" width=\"116\">800<\/td>\n<td style=\"text-align: right;\" width=\"119\">1.125%<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;\" width=\"110\"><a href=\"https:\/\/investors.capgemini.com\/fr\/event\/2025-emission-obligataire\/\"><span data-teams=\"true\">FR0014012S97<\/span><\/a><\/td>\n<td style=\"text-align: center;\"><span data-teams=\"true\">18\/09\/2025<\/span><\/td>\n<td style=\"text-align: center;\" width=\"142\"><span data-teams=\"true\">25\/09\/2031<\/span><\/td>\n<td style=\"text-align: right;\" width=\"116\">1,250<\/td>\n<td style=\"text-align: right;\" width=\"119\">3.125%<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;\" width=\"110\"><a href=\"https:\/\/investors.capgemini.com\/en\/event\/2020-bonds-issuance\/\">FR0013507878<\/a><\/td>\n<td style=\"text-align: center;\">15\/04\/2020<\/td>\n<td style=\"text-align: center;\" width=\"142\">15\/04\/2032<\/td>\n<td style=\"text-align: right;\" width=\"116\">1,200<\/td>\n<td style=\"text-align: right;\" width=\"119\">2.375%<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;\" width=\"110\"><a href=\"https:\/\/investors.capgemini.com\/fr\/event\/2025-emission-obligataire\/\"><span data-teams=\"true\">FR0014012S89<\/span><\/a><\/td>\n<td style=\"text-align: center;\"><span data-teams=\"true\">18\/09\/2025<\/span><\/td>\n<td style=\"text-align: center;\" width=\"142\"><span data-teams=\"true\">25\/09\/2034<\/span><\/td>\n<td style=\"text-align: right;\" width=\"116\">1,250<\/td>\n<td style=\"text-align: right;\" width=\"119\">4.500%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Here is the information related to Capgemini&#8217;s debt &amp; bonds.<\/p>\n","protected":false},"author":3,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"page.php","meta":{"footnotes":""},"class_list":["post-3758","page","type-page","status-publish","hentry"],"parsely":{"version":"1.1.0","canonical_url":"https:\/\/investors.capgemini.com\/en\/debt-bonds\/","smart_links":{"inbound":0,"outbound":0},"traffic_boost_suggestions_count":0,"meta":{"@context":"https:\/\/schema.org","@type":"WebPage","headline":"Debt &amp; Bonds","url":"http:\/\/investors.capgemini.com\/en\/debt-bonds\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/investors.capgemini.com\/en\/debt-bonds\/"},"thumbnailUrl":"","image":{"@type":"ImageObject","url":""},"articleSection":"Uncategorized","author":[{"@type":"Person","name":"Elzbieta Wrobel"}],"creator":["Elzbieta Wrobel"],"publisher":{"@type":"Organization","name":"Capgemini Investors EN","logo":""},"keywords":[],"dateCreated":"2019-05-09T13:10:12Z","datePublished":"2019-05-09T13:10:12Z","dateModified":"2026-03-29T19:31:26Z"},"rendered":"<script type=\"application\/ld+json\" class=\"wp-parsely-metadata\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"WebPage\",\"headline\":\"Debt &amp; 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