APC 2015 Annual Report Download - page 264

2015 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC262
PARENT C OMPANY FINANCIAL STATEMENTS
6NOTES TO THE FINANCIAL STATEMENTS
•EUR800million worth of 1.50% bonds issued in September2015
and maturing on September8, 2023;
•EUR750million worth of 0.875% bonds issued in March2015
and maturing on March11, 2025.
At December, 312015, the remaining bonds are as follows:
•the four bonds issued in 2015 and described above;
•EUR600million worth of 2.50% bonds issued in September2015
and maturing on September6, 2021;
•JPY12 billion and JPY10billion worth of respectively 0.849% and
0.84625% bonds issued in Novemberand December2011 and
maturing on November18, 2016 and December8, 2016;
•EUR500million worth of 3.50% bonds issued in September2011
and maturing on January22, 2019;
•EUR750million worth of 3.75% bonds issued in July2011 and
maturing on July12, 2018;
•EUR300 and EUR200million worth of 2.875% bonds successively
issued in Julyand October2010 and maturing on July20, 2016;
•EUR500million worth of 3.625% bonds issued in July2010 and
maturing on July20, 2020;
•EUR250million worth of bonds issued in March2009 to top up
the EUR780million 12year tranche at 4% issued in August2005,
thereby raising the total issue to EUR1.03billion;
•EUR177million worth of fl oating-rate bonds issued in July2008
and maturing on July 25, 2016, decreased to EUR150 million
through the repayment in June2014 of EUR27 million;
•EUR180million worth of bonds issued in April2008 to top up the
EUR600million 12year tranche at 4% issued in August2005,
thereby raising the total tranche to EUR780million;
•EUR600million worth of 4% bonds issued in August2005 and
maturing in August2017.
The issue premiums and issuance costs are amortized in line with
the effective interest method.
Note10 Other borrowings
Other borrowings at December31, 2015 included accrued interest
on bonds and other debt issued by the company. Accrued interest
amounted to EUR81million, compared to EUR112million at end
2014.
The company reimbursed the « Schuldschein» credit line in
the amount of EUR184 million with maturity on May 20, 2015,
representing two tranches at seven years for EUR129 million at
variable rate, and EUR55million at fi xed rate.
Note11 Interest-bearing liabilities
Interest-bearing liabilities (in thousands of euros) Dec.31, 2014 Increase Decrease Dec.31, 2015
Commercial paper 760,000 5,395,000 (6,155,000) -
Overdrafts 14 - (14) -
Other - 300,000 (300,000) -
NET 760,014 5,695,000 (6,455,014) -
In 2015, two promissory notes were issued to BNP for EUR300million with maturity dates of March9, 2015 and June9, 2015.
All commercial papers were reimbursed in 2015.