{"id":3746,"date":"2019-05-09T13:48:52","date_gmt":"2019-05-09T13:48:52","guid":{"rendered":"https:\/\/investors.capgemini.com\/fr\/?page_id=3746"},"modified":"2026-03-29T19:35:45","modified_gmt":"2026-03-29T19:35:45","slug":"dette-obligations","status":"publish","type":"page","link":"https:\/\/investors.capgemini.com\/fr\/dette-obligations\/","title":{"rendered":"Dette &amp; Obligations"},"content":{"rendered":"<h2><strong>Politique de financement<\/strong><\/h2>\n<p>La politique de financement de Capgemini vise \u00e0 assurer au Groupe une bonne flexibilit\u00e9 financi\u00e8re et r\u00e9pond principalement aux crit\u00e8res suivants\u00a0:<\/p>\n<ul>\n<li>un recours mesur\u00e9 \u00e0 l\u2019effet de levier de la dette\u00a0: au cours des dix derni\u00e8res ann\u00e9es, Capgemini s\u2019est attach\u00e9 \u00e0 maintenir \u00e0 tout moment un niveau limit\u00e9 d\u2019endettement net, y\u00a0compris dans le financement de sa croissance externe\u2006;<\/li>\n<\/ul>\n<ul>\n<li>des sources de financement diversifi\u00e9es et adapt\u00e9es au profil financier du Groupe : Capgemini articule son financement autour de sources \u00ab\u2006bancaires\u2006\u00bb (principalement avec une ligne de cr\u00e9dit syndiqu\u00e9e multidevises de 1\u202f000 millions d\u2019euros non utilis\u00e9e au 31 d\u00e9cembre 2025 et des lignes de cr\u00e9dit bilat\u00e9rales pour un montant global de 750 millions d\u2019euros, \u00e9galement non utilis\u00e9es au 31 d\u00e9cembre 2025) et de \u00ab\u2006march\u00e9\u2006\u00bb (8 300 millions d\u2019euros de dettes obligataires en principal au 31 d\u00e9cembre 2025 et un programme de titres de cr\u00e9ances n\u00e9gociables \u00e0 court terme de 1\u202f650 millions d\u2019euros, non utilis\u00e9 au 31 d\u00e9cembre 2025);<\/li>\n<\/ul>\n<ul>\n<li>un bon niveau de liquidit\u00e9s et de ressources financi\u00e8res p\u00e9rennes, ce qui se traduit par\u00a0:\n<ul>\n<li>le maintien d\u2019un niveau ad\u00e9quat de liquidit\u00e9s (3\u202f032 millions d\u2019euros au 31 d\u00e9cembre 2025) auquel s\u2019ajoute notamment une ligne de cr\u00e9dit syndiqu\u00e9e multidevises de 1\u202f000 millions d\u2019euros conclue le 9 f\u00e9vrier 2021 et arrivant \u00e0 maturit\u00e9 le 7 f\u00e9vrier 2028, ainsi que des lignes de cr\u00e9dit bilat\u00e9rales pour un montant global de 750 millions d\u2019euros conclues au second semestre 2024 avec une maturit\u00e9 de 12 mois et une option d\u2019extension de 12 mois suppl\u00e9mentaires (exerc\u00e9e au second semestre 2025),<\/li>\n<\/ul>\n<ul>\n<li>des dettes financi\u00e8res pr\u00e9sentant des maturit\u00e9s allant jusqu\u2019en 2034 et dont la part exigible dans les 12 mois (correspondant aux flux de tr\u00e9sorerie contractuels de dettes financi\u00e8res \u00e0 moins d\u2019un an) reste limit\u00e9e, puisqu\u2019elle ressort \u00e0 11\u2006% du total des flux de tr\u00e9sorerie contractuels de dettes financi\u00e8res au 31 d\u00e9cembre 2025.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h2><strong>Endettement net<\/strong><\/h2>\n<p>L\u2019endettement net au 31 d\u00e9cembre 2025 s\u2019\u00e9tablit comme suit :<\/p>\n<table>\n<tbody>\n<tr>\n<td style=\"text-align: center;\" width=\"355\">(en millions d\u2019euros)<\/td>\n<td style=\"text-align: center;\" width=\"154\"><strong>31\/12\/2025<\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"355\">Tr\u00e9sorerie<\/td>\n<td style=\"text-align: right;\" width=\"154\">2 814<\/td>\n<\/tr>\n<tr>\n<td width=\"355\">Actifs de gestion de tr\u00e9sorerie<\/td>\n<td style=\"text-align: right;\" width=\"154\">218<\/td>\n<\/tr>\n<tr>\n<td width=\"355\">Emprunts obligataires<sup>*<\/sup><\/td>\n<td style=\"text-align: right;\" width=\"154\">(8 324)<\/td>\n<\/tr>\n<tr>\n<td width=\"355\">Autres dettes<\/td>\n<td style=\"text-align: right;\" width=\"154\">(14)<\/td>\n<\/tr>\n<tr>\n<td width=\"355\">Instruments d\u00e9riv\u00e9s<\/td>\n<td style=\"text-align: right;\" width=\"154\">&#8211;<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" width=\"509\">\n<hr \/>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"355\"><strong>Endettement net<\/strong><\/td>\n<td style=\"text-align: right;\" width=\"154\"><strong>(5 306<\/strong><strong>)<\/strong><\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" width=\"509\">* Co\u00fbts amortis des emprunts obligataires, y compris les int\u00e9r\u00eats courus.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><strong>Notation financi\u00e8re<\/strong><\/h2>\n<p>La notation de cr\u00e9dit attribu\u00e9e par l\u2019agence de notation financi\u00e8re Standard &amp; Poor\u2019s est de \u00ab BBB+ \/ perspective stable\u00bb.<\/p>\n<h2><strong>Emprunts obligataires<\/strong><\/h2>\n<p>Les emprunts obligataires du Groupe sont :<\/p>\n<table style=\"height: 342px;\" width=\"802\">\n<tbody>\n<tr>\n<td style=\"text-align: center;\" width=\"110\"><strong>Code ISIN<\/strong><\/td>\n<td style=\"text-align: center;\" width=\"143\"><strong>\u00c9mission<\/strong><br \/>\n(r\u00e8glement\/livraison)<\/td>\n<td style=\"text-align: center;\" width=\"142\"><strong>\u00c9ch\u00e9ance<\/strong><\/td>\n<td style=\"text-align: center;\" width=\"116\"><strong>Montant Nominal<\/strong><br \/>\n(en millions d\u2019euros)<\/td>\n<td style=\"text-align: center;\" width=\"119\"><strong>Int\u00e9r\u00eat <\/strong><br \/>\n(au taux nominal)<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;\" width=\"110\"><a href=\"https:\/\/investors.capgemini.com\/fr\/event\/2020-emission-obligataire\/\">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\">Euribor 3 mois + 0,30%<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;\" width=\"110\"><a href=\"https:\/\/investors.capgemini.com\/fr\/event\/2018-emission-obligataire\/\">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=\"116\">500<\/td>\n<td style=\"text-align: right;\" width=\"119\">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\/fr\/event\/2020-emission-obligataire\/\">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\/fr\/event\/2020-emission-obligataire-2eme\/\">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\/fr\/event\/2020-emission-obligataire\/\">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>Vous trouverez ici apr\u00e8s l\u2019ensemble des informations relatives \u00e0 l\u2019endettement et aux emprunts obligataires du Groupe<\/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-3746","page","type-page","status-publish","hentry"],"parsely":{"version":"1.1.0","canonical_url":"https:\/\/investors.capgemini.com\/fr\/dette-obligations\/","smart_links":{"inbound":0,"outbound":0},"traffic_boost_suggestions_count":0,"meta":{"@context":"https:\/\/schema.org","@type":"WebPage","headline":"Dette &amp; Obligations","url":"http:\/\/investors.capgemini.com\/fr\/dette-obligations\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/investors.capgemini.com\/fr\/dette-obligations\/"},"thumbnailUrl":"","image":{"@type":"ImageObject","url":""},"articleSection":"Uncategorized","author":[{"@type":"Person","name":"Elzbieta Wrobel"}],"creator":["Elzbieta Wrobel"],"publisher":{"@type":"Organization","name":"Capgemini Investors 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