Chrysler 2014 Annual Report Download - page 90

88 2014 | ANNUAL REPORT
Operating Results
Capital Market
At December 31, 2014 and December 31, 2013 capital market debt mainly relates to notes issued under the GMTN
Program by the Group, excluding FCA US, and the Secured Senior Notes of FCA US. In addition we had €749 million
(which included the coupon related to issuance of the mandatory convertible securities described in more detail
in Note 23 to the Consolidated financial statements included elsewhere in this report) and €254 million short and
medium-term marketable financial instruments issued by various subsidiaries, principally in LATAM at December 31,
2014 and December 31, 2013, respectively.
The following table sets forth our outstanding bonds at December 31, 2014 and 2013
Currency
Face value of
outstanding
bonds
(in million) Coupon Maturity
December 31,
2014
December 31,
2013
Global Medium Term Notes: (€ million)
Fiat Chrysler Finance Europe S.A. EUR 900 6.125% July 8, 2014 —900
Fiat Chrysler Finance Europe S.A. EUR 1,250 7.625% September 15, 2014 —1,250
Fiat Chrysler Finance Europe S.A. EUR 1,500 6.875% February 13, 2015 1,500 1,500
Fiat Chrysler Finance Europe S.A. CHF 425 5.000% September 7, 2015 353 346
Fiat Chrysler Finance Europe S.A. EUR 1,000 6.375% April 1, 2016 1,000 1,000
Fiat Chrysler Finance Europe S.A. EUR 1,000 7.750% October 17, 2016 1,000 1,000
Fiat Chrysler Finance Europe S.A. CHF 400 5.250% November 23, 2016 333 326
Fiat Chrysler Finance Europe S.A. EUR 850 7.000% March 23, 2017 850 850
Fiat Chrysler Finance North America Inc. EUR 1,000 5.625% June 12, 2017 1,000 1,000
Fiat Chrysler Finance Europe S.A. CHF 450 4.000% November 22, 2017 374 367
Fiat Chrysler Finance Europe S.A. EUR 1,250 6.625% March 15, 2018 1,250 1,250
Fiat Chrysler Finance Europe S.A. EUR 600 7.375% July 9, 2018 600 600
Fiat Chrysler Finance Europe S.A. CHF 250 3.125% September 30, 2019 208 —
Fiat Chrysler Finance Europe S.A. EUR 1,250 6.750% October 14, 2019 1,250 1,250
Fiat Chrysler Finance Europe S.A. EUR 1,000 4.750% March 22, 2021 1,000 —
Fiat Chrysler Finance Europe S.A. EUR 1,350 4.750% July 15, 2022 1,350 —
Others EUR 7 77
Total Global Medium Term Notes 12,075 11,646
Other bonds:
FCA US (Secured Senior Notes) U.S.$ 2,875 8.000% June 15, 2019 2,368 1,088
FCA US (Secured Senior Notes) U.S.$ 3,080 8.250% June 15, 2021 2,537 1,232
Total other bonds 4,905 2,320
Hedging effect and amortized
cost valuation 668 500
Total bonds 17,648 14,466
Notes Issued Under The GMTN Program
All bonds issued by the Group, excluding FCA US, are currently governed by the terms and conditions of the GMTN
Program. A maximum of €20 billion may be used under this program, of which notes of approximately €12.1 billion
have been issued and are outstanding to December 31, 2014 (€11.6 billion at December 31, 2013). The GMTN
Program is guaranteed by FCA. We may from time to time buy back bonds in the market that have been issued by the
Group. Such buybacks, if made, depend upon market conditions, our financial situation and other factors which could
affect such decisions.