Airbus Group Financing Strategy

1. Maintain liquidity and flexibility 

  • Strategic cash: to be over €3 bn level at all times
  • Committed credit lines
  • Short and long-term programmes are in place

2. Diversify funding sources and maturities

  • Banks: Revolving Credit Facility
  • Capital markets: in the short term with the French Commercial Paper programme and in the medium and long term with our Euro Medium-Term Note programme, as well as access to the US Debt Capital Market. 
  • Supranationals: European Investment Bank loan, Development Bank of Japan.

3. Anticipate business needs

  • Long-term debt instruments to match assets or businesses of long-term nature
  • Strict control of customer financing
  • Pro-active long-term hedging policy

4. Achieve ratings in the single-A category in medium term

  • Efficient presence of Airbus Group in Debt Capital Markets
  • Solid balance sheet (strong cash position)

 

EMTN Programme

Issuer EADS Finance B.V
Guaranteed by EADS N.V.
Amount 3 billion EUR
Arranger Barclays Capital
Range of tenor medium- to long-term (30 years)
Of which used 1) 500 Mio. EUR (09/2018, 5.5%)
2) 1 bn EUR (08/2016, 4.625%)

 

Access to US Debt Capital Market

 

The following summary of the terms of the Notes referred to below is for information only. The placement of the Notes has been completed. The summary below does not constitute an offer to sell, or the solicitation of an offer to purchase, the Notes or any other securities in any jurisdiction.

 

Issuer EADS Finance B.V.
Guaranteed by EADS N.V.
Format 144A / RegS
Series / ISIN 144A / US26824KAA25
RegS / USN2823BBD21

 

French Domestic Commercial Paper Programme (Billet de Trésorerie)

Issuer  EADS  Finance B.V.
Guaranteed by  EADS N.V.
Amount of the programme  2 billion EUR
Arranger  Natixis
Range of tenor  only short term (up to one year)
Outstanding amount

 165 million EUR (as of 31 december 2012)

 

Revolving Credit Facility

Issuer EADS N.V.
Credit line 3 billion EUR
Maturity 14 April 2017
Co-ordinators BNP Paribas, Credit Agricole CIB, Deutsche Bank AG, The Royal Bank of Scotland plc
Mandated Lead Arrangers Banco Santander, Bank of Tokyo-Mitsubishi UFJ, Barclays, BBVA, BNP Paribas, Citi, Commerzbank, Crédit Agricole CIB, Crédit Mutuel-CIC, Deutsche Bank AG, HSBC, Mizuho Corporate Bank, Natixis, Société Générale, The Royal Bank of Scotland plc and UniCredit
Co-arrangers ANZ, Bank of America Merrill Lynch, Bayern LB, Crédit Suisse, DZ Bank, Goldman Sachs, Helaba, ING, Intesa San Paolo, JP Morgan, KfW, Lloyds Banking Group, Morgan Stanley, Royal Bank of Canada, SMBC and UBS
Arrangers Commonwealth Bank of Australia, DBS Bank, Erste Group, Industrial and Commercial Bank of China, SEB, TD Bank and Westpac
 Outstanding amount undrawn

 

Supranational sources

 

EIB: European Investment Bank

Amount: 1,548.1 million USD
(equivalent to approx. 1,1 billion EUR)

DBJ: Development Bank of Japan

Amount:   300 million USD
(equivalent to approx. 220 mill.EUR)