Debt investors Financing strategy and bond information Welcome to Vodafone Investors Debt investors Quick links social sharing options In this section previous item next item Credit ratings Financing strategy Bonds Commercial paper Credit ratings Our financing strategy provides timely, cost efficient and secure financial resources to the Group. The Group's policy is to borrow centrally using a mixture of long-term and short-term capital market issues and borrowing facilities to meet anticipated funding requirements. In respect of certain emerging markets, we may elect to borrow on a non-recourse basis. Risk management is at the core of our financing policies. We use derivative instruments to manage our currency and interest rate risk and collateral support agreements to mitigate the credit risk of banking counterparts. Liquidity risk on long-term borrowings is managed by maintaining a disciplined maturity profile. Our mid to long-term debt is primarily financed via corporate bonds programmes. Our short-term funding requirements are met through our commercial paper programme. We use cookies to improve your experience, show you content you may like. Continue if you're ok with this, or read our privacy policy. agree cookie policy and close Back to top © 2017 Vodafone Group Vodafone Group Plc. Registered Office: Vodafone House. The Connection, Newbury, Berkshire RG14 2FN. Registered in England No 1833679 We use cookies to improve your experience on this site. Read our policy Looking for something else?