Vodafone 2015 Annual Report Download - page 147

The fair value and carrying value of the Group’s long-term borrowings are as follows:
Sterling equivalent nominal value Fair value Carrying value
2015 2014 2015 2014 2015 2014
£m £m £m £m £m £m
Financial liabilities measured at amortised cost:
Bank loans 5,173 4,788 5,213 4,707 5 ,128 4,647
Other liabilities 133 110 133 110 133 110
Bonds: 6,002 4,272 6,908 4,620 6,684 4,465
5.125% euro 500 million bond due April 2015 – 413 – 432 – 435
6.25% euro 1,250 million bond due January 2016 – 1,032 – 1,020 – 943
4.75% euro 500 million bond due June 2016 268 302 283 328 287 441
6.5% euro 400 million bond due July 2017 – 330 – 351 – 347
5.375% sterling 600 million bond due December 2017 549 548 605 611 568 569
5% euro 750 million bond due June 2018 542 619 622 716 564 644
6.5% euro 700 million bond due June 2018 – 578 – 604 – 606
8.125% sterling 450 million bond due November 2018 450 450 553 558 476 480
1% euro 1,750 million bond due September 2020 1,265 – 1,283 – 1,263 –
4.65% euro 1,250 million bond January 2022 904 – 1,12 9 – 1,081 –
5.375% euro 500 million bond June 2022 361 – 475 – 484 –
1.875% euro 1,000 million bond due September 2025 723 – 76 8 – 721 –
5.625% sterling 250 million bond due December 2025 250 – 313 – 343 –
5.9% sterling 450 million bond due November 2032 450 – 592 – 656 –
2.75% euro 332 million bond due December 2034 240 – 285 – 241 –
Bonds in designated hedge relationships: 9,397 10,951 10,201 11,797 10,490 12,232
2.15% Japanese yen 3,000 million bond due April 2015 – 17 – 18 – 18
US dollar 700 million oating rate note due February 2016 – 420 – 420 – 420
5.625% US dollar 1,300 million bond due February 2017 876 779 946 8 74 920 836
1.625% US dollar 1,000 million bond due March 2017 6 74 599 679 607 672 597
1.25% US dollar 1,000 million bond due September 2017 6 74 599 670 594 672 597
1.5% US dollar 1,400 million bond due February 2018 943 839 942 827 941 837
4.625% US dollar 500 million bond due July 2018 337 300 367 332 375 343
5.45% US dollar 1,250 million bond due June 2019 842 749 955 859 938 833
4.375% US dollar 500 million bond due March 2021 337 300 371 322 346 296
4.65% euro 1,250 million bond due January 2022 – 1,032 – 1,213 – 1,19 4
5.375% euro 500 million bond due June 2022 – 413 – 509 – 536
2.5% US dollar 1,000 million bond due September 2022 674 599 654 551 667 557
2.95% US dollar 1,600 million bond due February 2023 1,078 959 1,066 903 1,121 939
5.625% sterling 250 million bond due December 2025 – 250 – 284 – 313
6.6324% euro 50 million bond due December 2028 36 41 109 93 86 81
7.875% US dollar 750 million bond due February 2030 505 450 711 603 771 698
5.9% sterling 450 million bond due November 2032 – 450 – 519 – 561
6.25% US dollar 495 million bond due November 2032 333 297 410 341 445 399
6.15% US dollar 1,700 million bond due February 2037 1,145 1,019 1,392 1,166 1,578 1,416
4.375% US dollar 1,400 million bond due February 2043 943 839 929 762 958 761
Long-term borrowings 20,705 20,121 22,455 21,234 22,435 21,454
Fair values are calculated on the basis of level 2 fair value hierarchy using quoted market prices or discounted cash ows with a discount rate
based upon forward interest rates available to the Group at the reporting date. Further information can be found in note 23 “Capital and nancial
risk management”.
Overview Strategy review Performance Governance Financials Additional information Vodafone Group Plc
Annual Report 2015
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