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Note f Long-term borrowings


In € millions

2009

2010

 

 

 

Debentures

1,842

1,289

Debt to subsidiaries

5,752

6,916

Other borrowings

150

40

Total

7,744

8,245

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

2009

2010

 

 

 

4 1/4% 2003/11 (€750/€539 million)

533

7 1/4% 2009/15 (€750 million)

746

748

7 1/4% 2009/15 (€225 million)

259

252

8% 2009/16 (£250 million)

278

289

Other

26

Total

1,842

1,289

At year-end 2010 and 2009, the total amount of long-term credit facilities arranged by AkzoNobel was €1.5 billion, maturing in 2013. Both at year-end 2010 and 2009, this facility had not been drawn. At year-end 2010 and 2009, none of the borrowings was secured by collateral. Borrowings from subsidiaries have no fixed repayment schedule. Interest charged on these borrowings averaged 0.9 percent in 2010 (2009: 1.0 percent).

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