Loans and other borrowings

12 Months Ended

Dec. 31, 2023

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Loans and other borrowings

22. Loans and other borrowings

	Maturity date		Discount at issue %		2023  $m		2022  $m
Current
Bank overdrafts (note 18)		n/a		n/a		44		55
€500m 1.625% bonds 2024		8 October 2024		0.437		555		–
						599		55
Non-current
€500m 1.625% bonds 2024		8 October 2024		0.437		–		534
£300m 3.75% bonds 2025		14 August 2025		0.986		387		365
£350m 2.125% bonds 2026		24 August 2026		0.550		449		423
€500m 2.125% bonds 2027		15 May 2027		0.470		559		539
£400m 3.375% bonds 2028		8 October 2028		1.034		509		480
€600m 4.375% bonds 2029		28 November 2029		0.098		663		–
						2,567		2,341
Total loans and other borrowings						3,166		2,396
Denominated in the following currencies:
Sterling						1,345		1,269
US dollars						44		53
Euros						1,777		1,073
Other						–		1
						3,166		2,396

Bonds

Interest is payable annually on the dates in the table, at the rates stated.

Revolving Credit Facility (‘RCF’)

The $1,350m facility matures in 2028, with an option to extend for a further one year at the lender’s discretion. A variable rate of interest is payable on amounts drawn. There were no amounts drawn as at 31 December 2023 or 31 December 2022.

The Group has no uncommitted facilities at 31 December 2023 (2022: $30m of which $nil was drawn).