Chrysler 2009 Annual Report Download - page 215

214 FIAT GROUP
CONSOLIDATED
FINANCIAL
STATEMENTS
AT 31 DECEMBER
2009
NOTES
The major bond issues outstanding at 31 December 2009 are the following:
Face value
of outstanding Outstanding
bonds amount
Currency (in million) Coupon Maturity (€ million)
Global Medium Term Notes:
Fiat Finance and Trade Ltd S.A. (1) EUR 1,000 6.250% 24 February 2010 1,000
Fiat Finance and Trade Ltd S.A. (1) EUR 1,300 6.750% 25 May 2011 1,300
Fiat Finance and Trade Ltd S.A. (1) EUR 247 (2) (2) 247
Fiat Finance and Trade Ltd S.A. (1) EUR 1,000 5.625% 15 November 2011 1,000
Fiat Finance and Trade Ltd S.A. (3) EUR 1,250 9.000% 30 July 2012 1,250
Fiat Finance and Trade Ltd S.A. (3) EUR 200 5.750% 18 December 2012 200
Fiat Finance and Trade Ltd S.A. (3) EUR 1,250 7.625% 15 September 2014 1,250
Fiat Finance and Trade Ltd S.A. (3) EUR 1,500 6.875% 13 February 2015 1,500
Fiat Finance North America Inc. (3) EUR 1,000 5.625% 12 June 2017 1,000
Others (4) 103
Total Global Medium Term Notes 8,850
Other bonds:
Fiat Finance and Trade Ltd S.A. (3) EUR 1,000 6.625% 15 February 2013 1,000
Case New Holland Inc. USD 1,000 7.750% 1 September 2013 694
Case New Holland Inc. (5) USD 500 7.125% 1 March 2014 347
CNH America LLC USD 254 7.250% 15 January 2016 177
Total Other bonds 2,218
Hedging effect and amortised cost valuation 329
Total Bonds 11,397
(1) Bonds listed on the Mercato Obbligazionario Telematico of the Italian stock exchange (EuroMot). In addition, the majority of the bonds issued by the Fiat Group are also listed 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.
(5) On or after March 1, 2010, these Notes are redeemable at issuer’s option at a price equal to 100% of the principal amount of the Notes plus, interests accrued, and a premium declining to par.
This premium decrease over time and will be equal to zero from 1 March 2012.
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 12 months, amounting to approximately €3 billion, were entirely used at 31 December 2009.