APC 2007 Annual Report Download - page 138

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On October 8, 2007, Schneider Electric SA issued 600
million worth of 5.375% bonds due January 8, 2015. The
bonds are traded on the Luxembourg stock exchange.
On January 26, 2007, Schneider Electric SA issued 110
million worth of 3.375% bonds due January 26, 2009. The
bonds are traded on the Luxembourg stock exchange .
On July 17, 2006, Schneider Electric SA issued 500 mil-
lion worth of bonds at the Euribor 3-month rate + 0.20%,
due July 18, 2011. Also on July 17, 2006, Schneider Elec-
tric issued 500 million worth of 4.5% bonds due January
17, 2014. These bonds are traded on the Luxembourg
stock exchange.
On August 11, 2005, Schneider Electric SA issued 1,500
million worth of bonds as part of its EMTN program. The
issue comprises a 900 million five-year tranche at
3.125% and a 600 million twelve-year tranche at 4%. The
bonds are traded on the Luxembourg stock exchange.
On October 31, 2003, Schneider Electric SA issued 750
million worth of 3.875% bonds due October 31, 2008. The
bonds are traded on the Luxembourg stock exchange.
Lastly, the Group redeemed 450 million worth of bonds
that came due in October 2007.
17.4 - Other information
At December 31, 2007, Schneider Electric had unused
confirmed credit lines of 2,546 million. These lines of
credit are available for the period.
As part of the financing package for the APC acquisition,
Schneider Electric SA obtained one-year acquisition fi-
nancing in an amount of 2.5 billion and a three-year con-
firmed line of credit in an amount of 2 billion.
Dec. 31, 2007 Dec. 31, 2006
MGE UPS acquisition debt -35.1
Clipsal acquisition debt 54.1 47.0
Applied Control Technology acquisition debt -1.8
Delixi Electric acquisition debt 15.3 -
Elite Engineering Limited acquisition debt 1.4 -
Din Elektro Kraft acquisition debt 1.0 -
Other 4.9 6.3
Other non-current liabilities 76.7 90.2
Dec. 31, 2007 Dec. 31, 2006
Contract counterguarantees (1) 207.1 176.0
Mortgages and collateral (2) 24.3 20.1
Guarantees 1.6 0.5
Other commitments given (3) 189.1 187.2
Guarantees given 422.0 383.8
Other guarantees received 43.4 41.8
Guarantees received 43.4 41.8
(1) On certain contracts, customers require a guarantee from a bank that the contract will be fully executed by the Group.
For these contracts, the Group gives a counterguarantee to the bank. If a claim occurs, the risk linked to the commitment is assessed
and a provision for contingencies is recorded when the risk is considered probable and can be reasonably estimated.
(2) Certain loans are secured by property, plant and equipment and securities lodged as collateral.
(3) Other guarantees given primarily comprise letters of credit issued by Square D, as well as guarantees to certain lessors that rental
payments will be made until the end of the lease.
Note 18 - Other non-current liabilities
The agreement for the acquisition of Clipsal includes a seller’s warranty providing for part of the acquisition price to be
withheld. This amount has been placed in escrow (note 8.2).
Note 19 - Commitments and contingent liabilities
19.1 - Guarantees given and received
136