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FINANCIAL INFORMATION
4.2 Consolidated financial statements
4
211
Registration Document 2016 — Capgemini
of borrowings by currency
C)
in millions of euros
At December 31, 2015
At December 31, 2016
Euro
currencies
Other
Total
Euro currencies
Other
Total
2011 Bond issue
501
-
501
“ORNANE 2013” bonds
370
-
370
2015 Bond issue – July 2018
500
-
500
500
-
500
2015 Bond issue – July 2020
1,255
-
1,255
1,256
-
1,256
2015 Bond issue – July 2023
1,007
-
1,007
1,007
-
1,007
2016 Bond issue
497
-
497
and other borrowings, net
Draw-downs on bank and similar facilities
-
81
81
-
43
43
Obligations under finance leases
52
45
97
65
35
100
Bank overdrafts
2
-
2
3
6
9
BORROWINGS
3,687
126
3,813
3,328
84
3,412
Obligations under finance leases are mainly denominated in pound sterling in the amount of €20 million (€25 million at December 31,
2015) and in US dollars in the amount of €11 million (€15 million at December 31, 2015).
Effective Interest Rate (EIR)
D)
In 2016, the effective interest rate on the Group’s average
December 31, 2016, 85% of the Group’s borrowings are at fixed
outstanding borrowings was 3.0% (2.6% in 2015). At
rates (86% in 2015) and the remainder is at floating rates.
Cap Gemini S.A.
Syndicated credit facility negotiated by
E)
end of the first and second years, respectively, the maturity of the
the banks) of two one-year extension options, exercisable at the
July 30, 2019. In the event of exercise (subject to the approval of
18 banks a €750 million multi-currency credit facility, maturing on
option, the maturity of this credit facility was extended to July 27,
years. Following the exercise of the second one-year extension
new facility will be extended by a maximum of two additional
2021.
On January 30, 2014, the Group signed with a syndicate of
facility is also subject to a fee on undrawn amounts equal to 35%
downwards according to the credit rating of Cap Gemini S.A. The
facility drawn). This margin may be adjusted upwards or
fee on undrawn amounts is 0.1575%.
of the margin. The margin currently applicable is 0.45% and the
fee on drawn amounts which varies according to the portion of the
The initial margin on this credit facility was 0.45% (excluding the
would have no impact on the availability of this credit facility. The
An upgrade or downgrade in Cap Gemini S.A.’s credit rating
Off-balance sheet commitments.
with respect to certain financial ratios, are detailed in Note 29,
other main terms and conditions of the credit facility, in particular
This credit facility had not been drawn at December 31, 2016.