CCH » Topics » Commercial paper programme and committed credit facilities

This excerpt taken from the CCH 20-F filed Jun 30, 2009.

Commercial paper programme and committed credit facilities

        In March 2002, Coca-Cola Hellenic established a €1.0bn global commercial paper programme to further diversify its short-term funding sources. The programme consists of a euro commercial paper facility and a US dollar-denominated US commercial paper facility. The commercial paper notes may be issued either as non-interest bearing notes sold at a discount or as interest bearing notes at a fixed or at a floating rate, or by reference to an index or formula. All commercial paper issued under the programme must be repaid within 1 to 365 days. The outstanding amount under the commercial paper programme at 31 December 2008 was €391.0m (2007: €210.5m).

        During August 2005, Coca-Cola Hellenic executed a €600.0m syndicated loan facility through various financial institutions expiring on 1 August 2010. This facility is used as a backstop to the €1.0bn global commercial paper programme and carries a floating interest rate over EURIBOR and LIBOR. The facility allows the Company to draw down, on one to five days notice, amounts in tranches and repay them in periods ranging from one to six months, or any other period agreed between the financial institutions and Coca-Cola Hellenic. No amounts have been drawn under the syndicated loan facility since inception.

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Table of Contents


Notes to the Consolidated Financial Statements (Continued)

19. Borrowings (Continued)

This excerpt taken from the CCH 6-K filed Apr 1, 2009.

Commercial paper programme and committed credit facilities

In March 2002, Coca-Cola Hellenic established a €1.0bn global commercial paper programme to further diversify its short-term funding sources. The programme consists of a euro commercial paper facility and a US dollar-denominated US commercial paper facility. The commercial paper notes may be issued either as non-interest bearing notes sold at a discount or as interest bearing notes at a fixed or at a floating rate, or by reference to an index or formula. All commercial paper issued under the programme must be repaid within 1 to 365 days. The outstanding amount under the commercial paper programme at 31 December 2008 was €391.0m (2007: €210.5m).

 

During August 2005, Coca-Cola Hellenic executed a €600.0m syndicated loan facility through various financial institutions expiring on 1 August 2010. This facility is used as a backstop to the €1.0bn global commercial paper programme and carries a floating interest rate over EURIBOR and LIBOR. The facility allows the Company to draw down, on one to five days notice, amounts in tranches and repay them in periods ranging from one to six months, or any other period agreed between the financial institutions and Coca-Cola Hellenic. No amounts have been drawn under the syndicated loan facility since inception.

 

EXCERPTS ON THIS PAGE:

20-F
Jun 30, 2009
6-K
Apr 1, 2009
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