Q1 2022 & FY 2021 Results
REDUCTION OF INTEREST COUPON BY 1.636 PERCENTAGE POINTS
MATURITY PROFILE
(US$ Million)
GCC
BOND AND
BANK DEBT
REFINANCING
STRENGHTEN
FINANCIAL
POSITION
Fitch and S&P upgraded GCC's rating to investment grade (Q1-21)
• Bond interest coupon decreased to 3.614% from 5.250% (January 2022)
Undrawn ~US$270mm revolving credit facility to support liquidity
AGENCY
RATING
OUTLOOK
DATE
FITCH
S&P
BBB-
BBB-
02/21
Stable
03/21
DEBT COMPOSITION (JANUARY 2022)
SECURITIES DEBT
Sustainability-linked bond
US$500 million
3.614% coupon
due 2032
Debt amounts based on loan contract amounts. IFRS balance sheet values slightly lower
SLB: Sustainability Linked Bond
2022
DEBT RATIOS
(March 31, 2021)
Net Debt/EBITDA
-0.43x
EBITDA / Net Interest
Expense
26.16x
500
2032
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