Funding sources

Bunzl’s core funding comprises bank facilities, US Private Placement Notes and Public Bonds.

Credit ratings

The Group’s debt is rated by Standard & Poor’s as BBB+ (since November 2017) with a stable outlook.

Maturity profile

Committed Facilities Maturity Profile By Year M2

Outstanding Public Bonds

Issuer Currency Amount Coupon Issue date Maturity
Bunzl Finance plc GBP 300m 2.25% 11/12/2017 11/06/2025
Bunzl Finance plc GBP 400m 1.50% 30/10/2020 30/10/2030

The Public Market core issuance programme, which was originally launched in 2020, is a £1.5billion Euro Medium Term Note programme. This is listed on the International Securities Market of the London Stock Exchange and is guaranteed by Bunzl plc.

EMTN Admission Particulars (20 November 2023)