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Note f Long-term borrowings


In € millions

 

 

 

2008

2009

 

 

 

Debentures

756

1,842

Debt to subsidiaries

5,063

5,752

Other borrowings

150

 

 

 

Total

5,819

7,744

For the fair value of the debenture loans and the related interest-rate derivatives, see note 24 of the notes to the consolidated financial statements.

Debentures

 

 

 

In € millions

 

 

 

2008

2009

 

 

 

41/4 % 2003/11 (€750/€539 million)

756

533

71/4 % 2009/15 (€750 million)

746

71/4 % 2009/15 (€225 million)

259

8 % 2009/16 (£250 million)

278

Other

26

 

 

 

Total

756

1,842

At year-end 2009 and 2008, the total amount of long-term credit facilities arranged by AkzoNobel was €1.5 billion, maturing in 2013. Both at year-end 2009 and 2008, this facility had not been drawn. At year-end 2009 and 2008, none of the borrowings was secured by collateral. Borrowings from subsidiaries have no fixed repayment schedule. Interest charged on these borrowings averaged 1.0 percent in 2009 (2008: 4.5 percent).

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