Traditional debt consisting of a single long-term loan for a nominal amount of €3.54bn:

• £1.5bn in sterling and €1.965bn in euros
• 6 tranches (3 in €, 3 in £) with an average life of 25 to 41 years
• Interest payments including receipts from hedging contracts: €196M in 2008
• 1^st repayment of principal in 2013
• Original lenders: consortium consisting of Goldman Sachs International / Deutsche Bank AG
• Investment Grade Rating of Baa2 (Moody's)

Current term loan (nominal value at 31 December 2008¹)

In €M1
Fixed-rate loans, indexed on inflation	1,155
Fixed-rate Loans	1,065
Floating-rate Loans2	1,320
Total Loans	3,540

 









¹Based on exchange rate of £1 = €1.050
²Floating-rate tranches are covered by interest-rate hedging contracts