Commercial paper programs documentation
The Group has 2 short term issuance programs all guaranteed by Â鶹´«Ã½ Ltd and rated by Standard & Poor's (A-2 rating) and Moody's (P-2 rating):
- A Euro-Commercial Paper Program of EUR 3,000 million, with Â鶹´«Ã½ Sterling Finance B.V and Â鶹´«Ã½ Finance Luxembourg S.A. as issuers, allowing the issuance of ESG notes. This innovative structure fits into the Group’s overall commitment to Sustainable construction and best-in-class ESG performance by connecting sustainability commitments to our sources of funding and liquidity. In order to continue to be able to issue ESG notes under this programme, Â鶹´«Ã½â€™s Sustainalytics ESG risk rating has to stay within the top 15% of the Construction Materials sector
- A US Commercial Paper Program of USD 2,000 million, with Â鶹´«Ã½ US Finance (Luxembourg) S.A. and Â鶹´«Ã½ Finance US LLC as issuers
