Page 286 - 2012 Annual Report
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286
VIVENDI
l
2012
l Annual Report
FINANCIAL REPORT – CONSOLIDATED FINANCIAL STATEMENTS – STATUTORY AUDITORS’ REPORT ON THE
CONSOLIDATED FINANCIAL STATEMENTS – STATUTORY AUDITORS’ REPORT ON THE FINANCIAL STATEMENTS –
STATUTORY FINANCIAL STATEMENTS
4
4
III - CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2012
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Note 22 Borrowings and other financial liabilities
22.1. BONDS
(in millions of euros)
Interest rate (%)
Maturity
Dec. 31,
2012
Maturing during the following periods
Dec. 31,
2011
nominal effective
2013 2014 2015 2016 2017
After
2017
€700 million (December 2012)
2.500% 2.65% Jan-20
700
-
-
-
-
-
700
-
$550 million (April 2012)
2.400% 2.50% Apr-15
(a)
420
-
-
420
-
-
-
-
$650 million (April 2012)
3.450% 3.56% Jan-18
491
-
-
-
-
-
491
-
$800 million (April 2012)
4.750% 4.91% Apr-22
604
-
-
-
-
-
604
-
€1,250 million (January 2012)
4.125% 4.31% Jul-17
1,250
-
-
-
- 1,250
-
-
€500 million (November 2011)
3.875% 4.04% Nov-15
500
-
-
500
-
-
-
500
€500 million (November 2011)
4.875% 5.00% Nov-18
500
-
-
-
-
-
500
500
€1,000 million (July 2011)
3.500% 3.68% Jul-15
1,000
-
- 1,000
-
-
-
1,000
€1,050 million (July 2011)
4.750% 4.67% Jul-21
(b)
1,050
-
-
-
-
- 1,050
750
€750 million (March 2010)
4.000% 4.15% Mar-17
750
-
-
-
-
750
-
750
€700 million (December 2009)
4.875% 4.95% Dec-19
700
-
-
-
-
-
700
700
€500 million (December 2009)
4.250% 4.39% Dec-16
500
-
-
-
500
-
-
500
€300 million - SFR (July 2009)
5.000% 5.05% Jul-14
300
-
300
-
-
-
-
300
€1,120 million (January 2009)
7.750% 7.69% Jan-14
894
-
894
-
-
-
-
894
$700 million (April 2008)
6.625% 6.85% Apr-18
529
-
-
-
-
-
529
541
€700 million (October 2006)
4.500% 5.47% Oct-13
700
700
-
-
-
-
-
700
€1,000 million - SFR (July 2005)
3.375% 4.14% Jul-12
-
-
-
-
-
-
-
1,000
$700 million (April 2008)
5.750% 6.06% Apr-13
(c)
-
-
-
-
-
-
-
541
€600 million (February 2005)
3.875% 3.94% Feb-12
-
-
-
-
-
-
-
600
Nominal value of bonds
10,888
700 1,194 1,920 500 2,000 4,574
9,276
(a)
A USD/EUR foreign currency hedge (cross-currency swap) was set up to hedge this tranche denominated in US dollar and issued in April 2012 with a
1.3082 EUR/USD rate, or a €420 million counter value at maturity. As of December 31, 2012, the counter value of this bond converted at the closing
rate amounted to €415 million.
(b)
In April 2012, this bond was increased by €300 million.
(c)
In April/May 2012, this bond was early redeemed through a tender offer.
The bonds denominated in euro are listed on the Luxembourg Stock
Exchange.
The bonds denominated in US dollar were converted into euro based on
the closing rate, i.e., 1.3244 EUR/USD as of December 31, 2012 (compared
to 1.29290 EUR/USD as of December 31, 2011).
Bonds issued by the group contain customary provisions related to events
of default, negative pledge and, rights of payment (pari-passu ranking). In
addition, bonds issued by Vivendi SA contain an early redemption clause
in case of a change in control trigger if, as a result of any such event, the
long-term rating of Vivendi SA is downgraded below investment grade
status (Baa3/BBB-).
