Financial Structure

Net financial debt performance


(mln€)
 
31 Dec 2019 (a) 30 Sep 2019 (b) 31 Dec 2018
(c)  
Change
(a-b)
Change
(a-c)
Net debt     3,062.8 2,960.3 2,568.0 (107.7) 494.8
Medium/long-term 3,523.3 3,467.5 3,341.4 (361.8) 181.9
Short-term (460.5) (507.2) (773.4) (469.5) (312.9)

Debt structure

Diagrams on the debt structure of the Acea Group

1.4x
Net debt/Equity as at 31/03/2019
2.9x
Net debt/EBITDA LTM as at 31/03/2019

Summary of Acea bonds


AMOUNT 
 
 ISSUE DATE EXPIRY  COUPON
(% p.a.)  RATE, PERIOD
RATING MOODY'S/S&P/ FITCH
500,000,000 EUR 06/02/2020 06/04/2029 0.500 - Fixed, Annual Baa2/NR/BBB+
500,000,000 EUR 23/05/2019 23/05/2028 1.750 - Fixed, Annual Baa2/NR/BBB+
700,000,000 EUR 08/02/2018 08/06/2027 1.500 - Fixed, Annual Baa2/NR/BBB+
300,000,000 EUR 08/02/2018 08/02/2023 EUR003M
+37 Bps  -FRN, Quarterly
Baa2/NR/BBB+
500,000,000 EUR 24/10/2016 24/10/2026 1.000 - Fixed, Annual Baa2/NR/BBB+
600,000,000 EUR 15/07/2014 15/07/2024 2.625 - Fixed, Annual Baa2/NR/BBB+
20,000,000,000 JPY 03/03/2010 03/03/2025 2.500 - Fixed, Semiannual NR/NR/BBB+

Debt maturities

Diagram on the trend of the expiry date of the debt of the Acea Group