Debt Structure

Debt characteristics

Diversification of funding sources and debt maturities with a strong historical skew towards debt markets and long term funding
Skew towards borrowing at fixed interest rates
Hedging of all foreign exchange risk on internal loans
Prudent liquidity management through the back up of commercial paper issuance with strong long term credit lines
Cash centralisation through Sodexo Finance DAC’s international cash pooling and diversification of investments to mitigate the counterparty risk

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