350
Annual Report -
2013
-
Vivendi
4
Financial Report | Statutory Auditors’ Report on the Consolidated Financial Statements | Consolidated
Financial Statements | Statutory Auditors’ Report on the Financial Statements |
Statutory Financial Statements
Note 16. Borrowings
Note 16.
Borrowings
As of December 31, 2013, the aggregate amount of borrowings
totaled €16,026.9 million, compared to €19,192.8 million as
of December 31, 2012.
16.1
Bond issues
As of 31 December 2013, bond issues were €7,527.2 million, compared
to €10,587.8 million as of December 31, 2012 (please see table below),
to which accrued interest of €152.4 million is added in relation to the
bond issues and hedging swaps, compared to €185.2 million as of
31 December 2012.
During fiscal year 2013, Vivendi issued a bond of €750.0 million
in July 2013, maturing in January 2019 and redeemed a bond of
€700.0 million issued in October 2006.
Moreover, following the sale of 88% of its interest in Activision Blizzard
in October 2013 (please see ”Significant Events” above), Vivendi
proceeded with the early redemption in October and November 2013
of the following bonds:
a total of $1,646,1 million on the $2 billion bonds issued in
April 2012:
–– all of the Tranche A for $550 million through a make-whole
redemption,
–– tender offer for Tranche B ($650 million) for $555.2 million, and
–– tender offer for Tranche C ($800 million) for $540,9 million;
a total of $459 million on the $700 million bond issued in April 2008
through a tender offer;
the €1,000.0 million bond issue of July 2011 through a make-whole
redemption; and
the €500.0 million bond of November 2011 through a make-whole
redemption.
Amounts
(in millions of euros)
Issue date Maturity date
Nominal rate
Hedging rate
750.0
03/2010
03/31/17
4.00%
Swapped for 100% at a fixed rate of 2.95% until March 2017
700.0
12/2009
12/02/19
4.88%
€500 million swapped at a floating rate of Euribor 3 months
+2.97% until December 2016
500.0
12/2009
12/01/16
4.25%
Swapped at a floating rate of Euribor 3 months
+2.39% until December 2016
894.0
01/2009
01/23/14
7.75%
175.5
04/2008
04/04/18
$700 million at
6.63%
1,050.0
07/2011
07/13/21
4.75%
500.0
11/2011
11/30/18
4.88%
1,250.0
01/2012
07/10/17
4.13%
€400 million swapped at a floating rate of Euribor 3 months
+3.46% until July 2016
69.0
04/2012
01/12/18
$650 million at
3.45%
188.7
04/2012
04/12/22
$800 million at
4.75%
700.0
12/2012
12/05/20
2.50%
750.0
07/2013
01/21/19
2.38%
Swapped at a floating rate of Euribor 3 months
+1.30% until January 2019
7,527.2
