Maturities of all bonds and term loans.
NoteThe information on this and the following web pages is not an offer for sale of securities in the United States. Securities may not be sold in the United States absent registration with the United States Securities and Exchange Commission or an exemption from registration under the U.S. Securities Act of 1933, as amended. Neither Deutsche Telekom AG nor Deutsche Telekom International Finance B.V. has registered or intends to register any part of the offering in the United States, or has conducted or intends to conduct a public offering of debt securities in the United States.
Our main sources of refinancing are the international debt capital markets, especially the euro and U.S. dollar markets. Bonds are issued in various currencies (in particular EUR, USD, GBP), to exploit market opportunities, and to address a wide range of investors. Most of the bonds are issued under our standard "Debt Issuance Programme (DIP)."
Debt Issuance Programme (DIP)
The Debt Issuance Programme (DIP) of EUR 35 billion, represents for us a standardized framework for the issuance of bonds and private placements in various currencies in accordance with the European Prospectus Directive. This program gives Deutsche Telekom AG the option to self-finance flexibly in the international capital markets.
Debt Issuance Programme 2022
Sustainability-Linked Bond (SLB) Framework
The SLB framework provides the necessary information for issuing SLBs within our Debt Issuance Programme (DIP) and is aligned with the Sustainability-Linked Bond Principles (SLBP) 2020 published by the International Capital Market Association (ICMA).
Acting responsibly for a low-carbon society is one of the key action areas of DT’s Corporate Responsibility (CR) Strategy. For this reason, our Board of Management decided to accelerate and expand our climate commitments in March 2021. We believe that SLB financing will underline these sustainability objectives very effectively and provide fixed income investors with a further measure to support our contribution to climate change mitigation.
Further information about our climate strategy and the relevant KPI reporting in relation to the Sustainability Performance targets within the framework are available on our CR website (Corporate Responsibility - Climate and Environment) and will also be published in our forthcoming CR reports (for 2021: CR Report 2021).
Sustainability-Linked Bond Framework 2021
* If Deutsche Telekom AG's rating by the rating agencies S&P and Moody's falls below A- or A3 respectively, the coupon will increase by 0.5 percent from the next interest period. In the same way, the coupon will be reduced to the original interest rate if Deutsche Telekom AG is promoted back to A-level.
** If Deutsche Telekom AG's rating by the rating agencies S&P and Moody's falls below BBB+ or Baa1 respectively, the coupon will increase by 0.5 percent from the next interest period. In the same way, the coupon will be reduced to the original interest rate if Deutsche Telekom AG is promoted back to BBB+/Baa1 level.
*** Notional amount has been reduced by a bond buyback.
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