Chrysler 2009 Annual Report Download - page 213

212 FIAT GROUP
CONSOLIDATED
FINANCIAL
STATEMENTS
AT 31 DECEMBER
2009
NOTES
Debt27.
A breakdown of debt and an analysis by due date is as follows:
At 31 December 2009 At 31 December 2008
due between due due between due
due within one and beyond due within one and beyond
(€ million) one year five years five years Total one year five years five years Total
Asset-backed financing 4,536 2,535 15 7,086 4,647 1,845 171 6,663
Bonds 1,451 7,189 2,757 11,397 785 4,642 1,609 7,036
Borrowings from banks 3,531 4,553 310 8,394 3,250 2,953 163 6,366
Payables represented by securities 229 155 - 384 94 16 - 110
Other 864 137 265 1,266 793 162 249 1,204
Total Other debt 6,075 12,034 3,332 21,441 4,922 7,773 2,021 14,716
Total Debt 10,611 14,569 3,347 28,527 9,569 9,618 2,192 21,379
The item Asset-backed financing represents the amount of financing received through both securitisation and factoring transactions which do not meet
IAS 39 derecognition requirements and is recognised as an asset in the statement of financial position under the item Receivables from financing activities
(Note 19).
At 31 December 2009 Debt had increased by €7,148 million mainly due to increases in Borrowings from banks and to the issue of bonds for a total of
€4,917 million, partially offset by repayments of bonds for €526 million.
More specifically, the principal bonds issued in 2009 were:
A bond issued at a price of 99.367 by Fiat Finance and Trade Ltd. S.A. as part of the Global Medium Term Notes Programme, having a nominal value of
€1,250 million, falling due in 2012 and bearing fixed interest at a rate of 9%.
A bond issued at a price of 99.498 by Fiat Finance and Trade Ltd. S.A. as part of the Global Medium Term Notes Programme, having a nominal value of
€1,250 million, falling due in 2014 and bearing fixed interest at a rate of 7.625%.
A bond issued at a price of 99.935 by Fiat Finance and Trade Ltd. S.A. as part of the Global Medium Term Notes Programme, having a nominal value of
€1,500 million, falling due in 2015 and bearing fixed interest at a rate of 6.875%.
A bond issued at a price of 97.062 by Case New Holland Inc. (“CNH Inc.”), having a nominal value of US$1 billion, falling due in 2013 and bearing fixed
interest at a rate of 7.75%, payable semi-annually.
In addition, the third fixed annual instalment of €123 million of the “Fiat Step-up amortizing” bond (issued under the Global Medium Term Notes Programme),
a bond issued by Case New Holland Inc. in 2004 (due on 1 June 2009) for US$500 million (equivalent to €358 million) and a minor bond of €45 million were
all repaid at their due dates in 2009.