APC 2014 Annual Report Download - page 231

CONSOLIDATED FINANCIAL STATEMENTS AT DECEMBER31,2014
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Schneider ElectricSE has issued bonds on different markets: 4%, issued in August2005, raising the total issue to
EUR1.03billion,
in the United States, through a private placement offering
lEUR3million corresponding to the discounted present
–
following SEC 144A rule, for USD800million worth of bonds
value of future interest payments on a EUR177million
issued in September2012, at a rate of 2.950%, due in
eightyear bond issue (July25, 2008 to July25, 2016)
September2022;
indexed to the three month Euribor. The nominal value of
as part of its Euro Medium Term Notes (EMTN) program, which
lthe bonds is not recognized in debt because the bond
bonds are traded on the Luxembourg stock exchange. Issues
holder has waived its right to repayment of the principal in
that were not yet due as of December31, 2014 are as follow:
exchange for the transfer, on a no-recourse basis, of the
EUR600million worth of bonds issued in September2013,
–future cash flows corresponding to the requested refund of
at a rate of 2.5%, due in September2021, a tax receivable,
JPY22.5billion worth of bonds issued in2011, comprising
–EUR180million worth of bonds issued in April2008 to top
–
a first JPY12.5billion tranche at a rate of 0.849% issued in up the EUR600million twelve-year tranche, at a rate of 4%,
Novemberand due in November2016 and a second issued in August2005, raising the total issue to
JPY10billion tranche at a rate of 0.84625% issued in EUR780million,
Decemberdue in December2016, EUR600million worth of bonds issued in October2007, at
–
EUR500million worth of bonds issued in September2011,
–a rate of 5.375%, due on January8, 2015,
at a rate of 3.5%, due in January2019, EUR600million worth of bonds issued in August2005, at a
–
EUR750million worth of bonds issued in July2011, at a
–rate of 4%, due on August2017.
rate of 3.75%, due in July2018,
For all those transactions, issue premium and issue costs are
EUR300 and EUR200million worth of bonds issued
–
amortized according to the effective interest method.
successively in Julyand October2010, at a rate of
24.4 – Other information
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,
At December31, 2014 Schneider Electric had confirmed credit
EUR150million worth of bonds issued in May2009 to top
–
lines of EUR2,650million, all unused.
up the EUR600million twelve-year tranche, due January8,
Loan agreements and committed credit lines do not include any
2015, at a rate of 5.375% issued on October2007, raising
financial covenants or credit rating triggers in case of downgrading
the total issue to EUR750million,
in Company’s long term debt.
EUR250million worth of bonds issued in March2009 to
–
top up the EUR780million twelve-year tranche, at a rate of
Other non-current liabilities Note25
Dec.31, 2014 Dec.31, 2013
5
Debt related toacquisitions 15 15
Debt on Luminous valuation 130 92
Other 39 33
OTHER NON-CURRENT LIABILITIES 184 140
The 2013 figures were restated from the change in consolidation method disclosed in note1.*
The debt on Luminous valuation corresponds to the Group commitments on the minority interest (26%) in Luminous.
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