Informa aims to maintain a strong balance sheet and flexible funding mix, creating long-term visibility and liquidity in its financing.
We have public bonds under a Euro Medium Term Note programme and participate in the private debt market through US Private Placement notes. Informa also makes use of bank facilities for short-term and revolving financing needs. We expect to continue to be in a net borrowing position for the foreseeable future.
Liquidity risk is managed by maintaining adequate reserves and debt facilities, continuously monitoring forecast and actual cash flows against the maturity profiles of our financial assets and liabilities, and borrowing in currencies in which the Group operates, principally GBP, USD and EUR, to hedge projected future cash flows.