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Financing portfolio

Rheinmetall has a well-diversified financing portfolio in terms of the instruments used and the sources and terms of financing. This ensures that Rheinmetall is largely independent of individual lenders and markets.

Financing instruments in € million

Maturing Nominal Financing source
Bond 2017 500 Capital market investors
Promissory notes 2019-2024 179 National and international lenders
Commercial Paper Indefinite 500 Money market investors
Syndicated loan 2020 500 13 banks
(i.a. back-up line for the commercial paper program)
Bilateral credit facilities 2016-2017 ~ 3.000 Banks and insurance companies
Asset-backed
security programm
2018 170 Money market investors and banks
(Status: December 31, 2015)

Over two thirds of the bilateral credit facilities serve to provide guarantees, which are particularly important in the Defence sector, and they are generally utilized up to a maximum of 70 % to ensure sufficient flexibility at all times. With these instruments, Rheinmetall is in a good position to provide the financial resources that it needs for its operating activities in the form of liquidity or guarantees at any time. The use of these options is kept as balanced as possible, taking into account aspects relating to liquidity, margins and security.