Outstanding Bonds

The Group's strategy is to finance its balance sheet primarily from the rated long-term public US, UK and European capital markets to maintain a diversified investor profile and a balanced long-term maturity profile and pro-actively refinance maturities as they fall due.

Debt instruments at 31 July 2017

Debt instruments at 31.7.17
  £ millions
$175m 7.37% private placement 2018 133
$250m 7.20% senior notes 2019 189
$400m 3.625% senior notes 2022 301
€600m 1.25% eurobonds 2023 533
€650m 2.0% eurobonds 2027 574
Debt instruments 1,730
 
Interest accrual 16
Other indebtedness 3
Gross debt 1,749
 
Liquid resources (782)
 
Net debt 967
 
Net assets 2,638
Interest currency debt split 2017
Outstanding bonds weighted average