TDC's primary funding sources are unsecured Euro Medium Term Notes (EMTN), secured syndicated term loan complemented by committed syndicated credit facilities.
Currently TDC has access to committed syndicated credit facility which covers working capital fluctuations and acts as stand-by facilities.
TDC is rated by Standard & Poor’s, Moody’s and Fitch and aims at maintaining an investment grade credit rating.
|TDC A/S||Standard & Poor's||Moody's||Fitch|
|Corporate Rating||B+ / Stable Outlook||B1 / Stable Outlook||B+ / Stable Outlook|
|Senior Unsecured Debt||B+||B1||B+|
|Short Term Debt||B||NA||B|
TDC Credit Report Fitch July 2018
TDC Credit Report Moody's July 2018
TDC Credit Report Standard and Poors July 2018
DKT Holdings ApS Credit Report Standard and Poors 9 May 2018
TDC Q2 2018 Credit Report Fitch 12 June 2018
TDC Q2 2018 Credit Report Moodys 13 June 2018
The EMTN maturity profile is well diversified and ensures a manageable future refinancing process.
|Euro Medium Term Notes|
|Maturity||Coupon||Nom. Outstanding Amount (mio.)||Issue Date||ISIN|
|02-03-22||3.7500%||EUR 500||02-03-12||XS0752467497||show pdf|
|23-02-23||5.6250%||GBP 425||23-02-11||XS0593952111||show pdf|
|27-02-27||1.7500%||EUR 800||27-02-15||XS1196041419||show pdf|
TDC’s latest EMTN base prospectus – here
- Flemming Jacobsen
- Head of Treasury and Investor Relations
- Mads Dencker
- Treasury Analyst