| Euro million |
Incl. Oi & Contax |
Excl. Oi & Contax |
|
|
| Amount |
% |
Amount |
% |
|
| Short-term debt |
1,713 |
15.4% |
1,396 |
18.9% |
| Bonds |
1,080 |
9.7% |
984 |
13.3% |
| Bank loans |
340 |
3.1% |
117 |
1.6% |
| Liability related to equity swaps on treasury shares |
73 |
0.7% |
73 |
1.0% |
| Commercial Paper |
176 |
1.6% |
176 |
2.4% |
| Leasings |
24 |
0.2% |
24 |
0.3% |
| Derivative financial instruments |
-31 |
-0.3% |
0 |
0.0% |
| Other financings |
51 |
0.5% |
22 |
0.3% |
| Long-term debt |
9,386 |
84.6% |
5,979 |
81.1% |
| Exchangeable bonds |
733 |
6.6% |
733 |
9.9% |
| Bonds |
5,800 |
52.3% |
3,732 |
50.6% |
| Bank loans |
2,658 |
23.9% |
1,490 |
20.2% |
| Leasings |
24 |
0.2% |
24 |
0.3% |
| Derivative financial instruments |
-8 |
-0.1% |
0 |
0.0% |
| Other financings |
179 |
1.6% |
0 |
0.0% |
| Gross debt |
11,099 |
100.0% |
7,375 |
100.0% |
| Cash, equivalents & short-term investments |
3,387 |
|
2,616 |
|
| Tax effect on pension debt due to the Portuguese State |
195 |
|
195 |
|
| Adjusted net debt |
7,517 |
|
4,565 |
|
| Average cost of debt |
6.59% |
|
4.45% |
|
| Average maturity of net debt (years) |
5.6 |
|
5.6 |
|
|
|