APC 2011 Annual Report Download - page 200

198 2011 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC
CONSOLIDATED FINANCIAL STATEMENTS
5NOTES TO THE CONSOLIDATED FINANCIAL
24.2 – Breakdown by currency
Dec.31, 2011 Dec.31, 2010
Euro 6,272 5,182
US Dollar 728 521
Indian rupee 233 22
Japanese yen 384 153
Brazilian real 147 75
Russian rouble 32 34
Colombian peso 29 23
Other 212 115
TOTAL 8,037 6,125
24.3 – Bonds
Dec.31, 2011 Dec.31, 2010 Effective interest rate Maturity
Schneider ElectricSA 2011 500 Euribor +0.200% variable July 2011
Schneider ElectricSA 2013 605 608 CMS 10+1.000% variable and 6.750% fi xed July 2013
Schneider ElectricSA 2014 730 498 Libor USD +0.490% variable and 4.500% fi xed January 2014
Schneider ElectricSA 2015 749 748 5.375% fi xed January 2015
Schneider ElectricSA 2016 736 519 Euribor +0.600% variable and 0.849%, 0.846%,
2.875% fi xed
July, November,
December 2016
Schneider ElectricSA 2017 987 981 4.000% fi xed August 2017
Schneider ElectricSA 2018 743 - 3.750% fi xed July 2018
Schneider ElectricSA 2019 495 - 3.500% fi xed January 2019
Schneider ElectricSA 2020 495 494 3.625% fi xed July 2020
TOTAL 5,540 4,348
Schneider ElectricSA has made several bond issues as part of its
Euro Medium Term Notes (EMTN) programme over the past few
years. Issues that were not yet due as of December31, 2011 were
as follows:
•JPY22.5billion worth of bonds issued in 2011, comprising a fi rst
JPY12.5billion tranche at a rate of 0.849% issued in Novemberand
due in November2016 and a second JPY10billion tranche at a
rate of 0.84625% issued in Decemberdue in December2016;
•EUR500million worth of bonds issued in September2011, at a
rate of 3.5%, due in January2019;
•EUR750million worth of bonds issued in July2011, at a rate of
3.75%, due in July2018;
•USD300 million worth of bonds issued in July2011, at a rate
variable rate indexed on the three-month USD Libor, due in
July2014;
•EUR300 and EUR200million worth of bonds issued successively
in July and October 2010, at a rate of 2.875%, due on
July20,2016;
•EUR500million worth of bonds issued in July2010, at a rate of
3.625%, due on July20, 2020;
•EUR150million worth of bonds issued in May2009 to top up the
EUR600million twelve-year tranche, due January8, 2015, at a
rate of 5.375% issued on October2007, raising the total issue
to EUR750million;
•EUR250million worth of bonds issued in March2009 to top up
the EUR780million twelve-year tranche, at a rate of 4%, issued in
August2005, raising the total issue to EUR1.03billion;
•EUR750million worth of bonds issued in January2009 at a rate
of 6.75%, due on July, 16 2013; in July2010, this borrowing was
partially repayed with EUR263million;
•EUR100million worth of bonds issued in July2008 indexed to the
10-year Constant Maturity Swap (CMS) rate, due July31,2013;
•EUR12million corresponding to the discounted present value of
future interest payments on a EUR177million eight year bond
issue (July25, 2008 to July25, 2016) indexed to the threemonth
Euribor. The nominal value of the bonds is not recognised in debt
because the bond holder has waived its right to repayment of the
principal in exchange for the transfer, on a no-recourse basis, of
the future cash fl ows corresponding to the requested refund of
a tax receivable;
•EUR180million worth of bonds issued in April2008 to top up the
EUR600million twelve-year tranche, at a rate of 4%, issued in
August2005, raising the total issue to EUR780million;