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Note F: Long-term borrowings


In € millions

 

2011

 

2012

Debentures

 

1,721

 

1,726

Debt to subsidiaries

 

4,858

 

5,619

Other borrowings

 

39

 

Total

 

6,618

 

7,345

For the fair value of the debenture loans and the related interest-rate derivatives, see Note 22 of the Consolidated financial statements section.

Debentures

 

 

 

 

 

In € millions

 

2011

 

2012

71/4 % 2009/15 (€975 million)

 

634

 

630

8 % 2009/16 (£250 million)

 

297

 

305

4 % 2011/18 (€800 million)

 

790

 

791

Total

 

1,721

 

1,726

We have a €1.8 billion multi-currency revolving credit facility originally expiring in 2016. In 2012 the maturity of €1.7 billion of this facility has been extended with an additional year to 2017. At year-end 2012 and 2011, this facility had not been drawn. At year-end 2012 and 2011, none of the borrowings was secured by collateral. Interest charged on these borrowings averaged 0.1 percent in 2012 (2011: 0.9 percent).

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