Chrysler 2010 Annual Report Download - page 236

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The major bond issues outstanding at 31 December 2010 and classified as Continuing Operations are as follows:
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 1,300 6.750% 25 May 2011 1,300
Fiat Finance and Trade Ltd S.A.(1) EUR 123 (2) (2) 123
Fiat Finance and Trade Ltd S.A.(3) 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) 33
Total Global Medium Term Notes 7,656
Other bonds:
Fiat Finance and Trade Ltd S.A. (3) EUR 1,000 6.625% 15 February 2013 1,000
Total 1,000
Hedging effect and amortised cost valuation 363
Total Bonds 9,019
(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.
The decrease of €1,195 million in 2010 (excluding exchange rate differences) in Bonds classified as Continuing Operations is mainly due to:
the repayment on maturity of a bond having a nominal value of €1,000 million issued by Fiat Finance and Trade Ltd S.A. in 2000 as part of the Global
Medium Term Notes programme;
the repayment on maturity of the fourth fixed annual instalment of approximately €123 million of the “Fiat Step-up amortizing” bond (issued under the
Global Medium Term Notes Programme);
the repayment of other bonds falling due in the amount of approximately €71 million.
The bonds issued by the Group and classified as Continuing Operations are governed by different terms and conditions according to their type as follows:
Global Medium Term Note (GMTN Programme): a maximum of €15 billion may be used under this Program, of which notes of approximately €7.7 billion
have been issued to date; the Program is guaranteed by Fiat S.p.A. The issuers taking part in the program include, amongst others, Fiat Finance and
Trade Ltd. S.A. for an amount outstanding of €6.7 billion and Fiat Finance North America Inc. with a bond having a nominal value of €1 billion.
Other bonds: these refer to a bond issued by Fiat Finance and Trade Ltd. S.A. having a nominal value of €1 billion, issued at par, bearing fixed interest at
6.625% and repayable on 15 February 2013.