Chrysler 2008 Annual Report Download - page 189

The major bond issues outstanding at 31 December 2008 are the following:
Face value of Outstanding
outstanding bonds amount
Currency (in millions) Coupon Maturity (€ millions)
Global Medium Term Notes:
Fiat Finance and Trade Ltd S.A. (1) EUR 1,000 6.25% 24 February 2010 1,000
Fiat Finance and Trade Ltd S.A. (1) EUR 1,300 6.75% 25 May 2011 1,300
Fiat Finance and Trade Ltd S.A. (1) EUR 370 (2) (2) 370
Fiat Finance and Trade Ltd S.A. (3) EUR 1,000 5.625% 15 November 2011 1,000
Fiat Finance North America Inc. (3) EUR 1,000 5.625% 12 June 2017 1,000
Others (4) 148 148
Total Global Medium Term Notes 4,818
Other bonds:
Case New Holland Inc. USD 500 6.00% 1 June 2009 359
Fiat Finance and Trade Ltd S.A. (3) EUR 1,000 6.625% 15 February 2013 1,000
Case New Holland Inc. USD 500 7.125% 1 March 2014 359
CNH America LLC USD 254 7.25% 15 January 2016 183
Total Other bonds 1,901
Hedging effect and amortised cost valuation 317
Total Bonds 7,036
(1) Bonds listed on the Mercato Obbligazionario Telematico of the Italian Stock Exchange (EuroMot). and also on the Luxembourg Stock Exchange.
(2) “Fiat Step-Up Amortizing 2001-2011” bonds repayable at face value in five equal annual instalments each for 20% of the total issued (€617 million) due beginning from the sixth year (7 November
2007) by reducing the face value of each bond outstanding by one-fifth. The last instalment will be repaid on 7 November 2011. The bonds pay coupon interest equal to: 4.40% in the first year (7
November 2002), 4.60% in the second year (7 November 2003), 4.80% in the third year (7 November 2004), 5.00% in the fourth year (7 November 2005), 5.20% in the fifth year (7 November 2006),
5.40% in the sixth year (7 November 2007), 5.90% in the seventh year (7 November 2008), 6.40% in the eighth year (7 November 2009), 6.90% in the ninth year (7 November 2010), 7.40% in the tenth
year (7 November 2011).
(3) Bond listed on the Irish Stock Exchange.
(4) Bonds with amounts outstanding equal to or less than the equivalent of €50 million.
The Group intends to repay the issued bonds in cash at due date by utilising available liquid resources. In addition, the companies
in the Group may from time to time buy back bonds on the market that have been issued by the Group, also for purposes of their
cancellation. Such buy backs, if made, depend upon market conditions, the financial situation of the Group and other factors which
could affect such decisions.
Committed credit lines expiring after the end of 2009, amounting to approximately €2 billion, were almost entirely used at
31 December 2008.
Fiat Group Consolidated Financial Statements at 31 December 2008188