The FTSE 100 mobile phone operator is Vodafone PLC
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.