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Fleccy
oh ..my mistake .... looks like $3 billion due in January 2024
$2,000,000,000 3.750% Notes due 16th January 2024 along with coupon due
$1,000,000,000 Floating Rate Notes due January 2024 - refinance with higher floating rate ?
Fleccy
well ..once the Spain sell finalises by ..say May/June 2024....they will have another Euro 4.1 billion cash from that , so maybe any January 2024 $2 billion bond cash redemption will be topped back up from that too...
I was bored so I thought I'd do a chart showing Debt/Bond Maturity, since Debt often comes up in discussions on here. I expect things will change with disposals and mergers, so it'll be interesting to see how things change over time. VOD have the cash to pay the €3.51 Billion due next month, should they choose to cover it using the €7.031 Billion they currently have in Cash and cash equivalents, but the overall Cash and equivalents figure shouldn't change much in the FY figures, since they'll likely top it back up when they add the €3.378 Billion Working Capital back into the figures; Basically the Working Capital deducted in the H1 results will likely go toward covering January's debt maturity, if they don't refinance, so the FY24 Cash and Cash Equivalents should still be around €7 Billion and Net Debt should reduce back to around €33 Billion, if I'm understanding the figures correctly; I'd be grateful if someone could correct me if I'm misunderstanding this, any accountants on here?
Fleccy
So to confirm ...you have taken all the US Bonds, Hybrid Bonds, Sterling,Euro, CHF, NOK,HKD,AUD,JPY.... the whole lot ..all converted into one annual Euro figure ?? you bored or something ?
I am missing what the point is....given that only the next 1-2-3 years really matter right now and what the overall annual Finance costs are and how they might increase on a pure bond maturity re-purchase with a higher rate coupon or cash redemption implication
They are redeeming $2,000,000,000 3.750% Notes on January 16, 2024...so .. are they paying cash to bondholders for that... ?
Jax, do you really think anyone is going to tell you,Knowing you are having the time of your life seeing this drop
67.7 average
What is the purpose? wont vodafone kick the can down the road when debt matures?
What are your averages guys and gals
Send me an editor link. and i can help
I sorted on Maturity but the spreadsheet wouldn't sort correctly and I have no idea why. I've done some rearranging.
Ah, maybe most likely caused due to bonds being denominated in euros have the last maturity date in 2056 and the ones denominated in $ have their first due date in jan 2024, but somehow it still says 2025😀
Best then to combine the two data sets (€ & $) into one series and sort per maturity and add another dimension(yield). If you have time that is😊.
Dates are not in chronological order. You should sum up maturity values due on a yearly basis.
Good chart fleccy, but noticed some of the assigned dates are wrong around the middle of the graph. It says 2024 although it should read year 2056+ as this is an ascending time series.
For anyone who's interested here's a chart showing the outstanding Bond maturity date's against value, with the value's converted to Euro's using current exchange rates where necessary:
https://docs.google.com/spreadsheets/d/e/2PACX-1vSNxkKmgR2PzSL1NH5uvhJAIl6TyUm-PpH2hChEFWELeB8mLB-V562E7qRdDL0lOSa8NyAUBbokBjVp/pubchart?oid=17624073&format=interactive
https://investors.vodafone.com/debt-investors/bonds-outstanding-eu-and-us
If I've made any mistakes, or missed something, let me know and I'll correct.
Will double if it gets there jax05
56p please
60.6p please
Pokerchips, you have a point. I only wanted to show that at these prices a takeover and breakup of Vodafone is not unlikely. PersonalIy I would prefer Vodafone to remain independent and recover.
68,75
Vod closing Sp 22nd Dec
KiwiTwo 62.5p
Roofer 67.9p
List so far Entries by 12pm Mon Atb
Totally agree - give the BODs a chance
'Politicians have simply ignored the trend of corporate domiciling in tax havens.'
That is an exclusive club where wealth can be concentrated and allows the return on global investment returns to be greater than the rate of global economc growth. As your average uk citizen cant participate in that concentration, Hunt should raise the personal tax threshold to £60k to offset the offshoring of uk revenues
I bet Donald Trump uses a Delaware limited partnership
'Hunt is doing the right thing'
Well he is doing something. Maybe its maths but a generation is paying for the arbitrage of higher inflation than interest rates. VOD net assets vs market value are a good example who is paying for it.
Personally I think £60k tax threshold offsets cost of living..
Meshtrader, I agree by far the biggest dissaster for vodafone was mannesman. I know because I have been a shareholder from before that. The problem now is the constant putting down of the current bod. Mannesman proved how difficult it is to make a good profit in mob telecoms, time to stop moaning about the bod & move on. It is massive challenge for the vod managment, way above the head of many on here.