Chrysler 2015 Annual Report Download - page 209

2015 | ANNUAL REPORT 209
23. Debt
The following table summarizes debt by category and by maturity:
At December 31,
2015 2014
Due
within
oneyear
Due
between
one and
fiveyears
Due
beyond
fiveyears Total
Due
within
oneyear
Due
between
one and
fiveyears
Due
beyond
five years Total
(€ million)
Notes 2,689 7,017 3,735 13,441 2,292 10,367 4,989 17,648
Borrowings from banks 3,364 7,803 795 11,962 3,670 8,131 950 12,751
Payables represented by
securities 490 226 209 925 559 544 270 1,373
Asset-backed financing 206 — — 206 444 25 — 469
Other debt 619 498 135 1,252 745 424 314 1,483
Total Debt 7,368 15,544 4,874 27,786 7,710 19,491 6,523 33,724
The decrease in total Debt was €6,174 million, net of foreign exchange translation effects. The decrease reflects
the repayment of two notes at their respective maturity dates that had been issued under the Global Medium Term
Note Programme (“GMTN Programme”), one for a principal amount of €1,500 million and another for a principal
amount of CHF 425 million (€390 million), the prepayment of FCA US’s secured senior notes due June 15, 2019 for
an aggregate principal amount of €2,518 million (U.S.$2,875 million), the prepayment of FCA US’s secured senior
notes due June15, 2021 for an aggregate principal amount of €2,833 million (U.S.$3,080 million), the repayment of
the loan granted by the European Investment Bank (“EIB”) of €250 million at maturity as well as a total of €288 million
for payments including interest on the unsecured Canadian Health Care Trust Notes (“Canadian HCT Notes”), which
also included the prepayment of the remaining scheduled payments of the Canada Health Care Trust Tranche A
Note (“Canadian HCT Tranche A Note”). The decrease in total Debt was partially offset by the issuance of the new
unsecured senior debt securities by FCA in April 2015 (described below) for a total principal amount of U.S.$3.0
billion (€2.8 billion) and the draw-down of the €600 million loan with EIB and SACE that was executed in June 2015
(described below). During the year ended December31, 2015, medium and long-term loans (those expiring after
twelve months) obtained by FCA amounted to €3,061 million, while medium and long-term borrowings repayments
amounted to €4,412 million.
The annual effective interest rates and the nominal currencies of debt at December31, 2015 and 2014 were as follows:
Interest rate Total at
December 31,
2015
lessthan
5%
from5%to
7.5%
from7.5%
to 10%
from10%
to12.5%
more than
12.5%
(€ million)
Euro 6,671 5,358 1,003 75 — 13,107
U.S.$ 7,784 1,685 1 5 190 9,665
Brazilian Real 723 383 794 87 1,075 3,062
Swiss Franc 652 369 — — — 1,021
Canadian Dollar 12 — 354 — — 366
Chinese Renminbi 114 51 — — — 165
Argentinian Peso — — 3 — 155 158
Other 174 1 29 32 6 242
Total Debt 16,130 7,847 2,184 199 1,426 27,786