XML 334 R73.htm IDEA: XBRL DOCUMENT v3.25.1
Analysis of bank and bond debt (Tables)
 12 Months Ended
Dec. 31, 2024
Analysis of bank and bond debt  
Summary of borrowings

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Facility

    

Drawn at

    

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Interest rate

    

Facility

    

Drawn at

    

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Interest rate

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amount

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year end

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Headroom

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at year end

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amount

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year end

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Headroom

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at year end

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2024

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2024

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2024

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2024

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2023

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2023

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2023

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2023

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£m

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£m

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£m

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%

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£m

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£m

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£m

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%

Current

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$700m term loan due October 2025

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559

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559

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—

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5.18

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—

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—

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—

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—

$50m term loan due May 2025

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40

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—

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40

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0.21

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—

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—

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—

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—

Non-current

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$700m term loan due October 2025

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—

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—

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—

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—

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550

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550

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—

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5.94

$1.0bn RCF due October 2029

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799

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—

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799

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0.14

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785

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—

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785

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0.14

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Bond interest 

    

Effective hedged 

    

Bond interest 

    

Effective hedged 

 

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coupon

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interest rate

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coupon

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interest rate

 

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2024

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2024

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2023

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2023

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Current

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€400m bond due November 2024

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—

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—

 

Fixed 0.950

%  

Fixed 3.60

%

Non-current

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€500m bond due May 2026

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Fixed 0.875%

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Fixed 2.66%

 

Fixed 0.875

%  

Fixed 2.80

%

€850m bond due June 2027

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Fixed 3.875%

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Fixed 4.95%

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Fixed 3.875

%  

Fixed 5.01

%  

€600m bond due October 2028

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Fixed 0.500%

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Fixed 2.12%

 

Fixed 0.500

%  

Fixed 2.23

%

€600m bond due June 2030

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Fixed 4.375%

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Fixed 4.58%

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Fixed 4.375

%  

Fixed 4.48

%  

£400m bond due June 2032

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Fixed 5.000%

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Fixed 5.19%

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Fixed 5.000

%  

Fixed 5.20

%  

Average cost of bond debt at year-end rates

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3.96%

 

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3.97

%