The Funding of Vodafone PLC.

The FTSE 100 mobile phone operator is Vodafone PLC

[http://www.vodafone.com]

To fund it day to day operations, apart of its revenues from sales, it has a funding programme based on borrowing on the bond market.

Two funding mechanisms.

http://www.vodafone.com/content/index/investors/debt_investors.html#

Interesting to see the levels of debt that Vodafone is carrying.

It’s US Dollar Programme:

$22,739,400,000

It’s European Programme:

€9,236,350,000
£4,436,350,000
Y3,000,000,000

Thus, the total:-

$22,739,400,000 + €9,236,350,000 + £4,436,350,000 + Y3,000,000,000

That is in UK£

£26,696,669,300

Yes £26.69 Billion, in outstanding loans. Investors (creditors) are willing to lend Vodafone huge quantities of cash, for a stable income. This is what income investors such as pension funds are looking for, lending to a creditworthy business.

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