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Note 18 Long-term borrowings


In € millions

2009

2010

 

 

 

Debt issued

3,276

2,684

Debt to credit institutions

7

6

Other borrowings

205

190

Total

3,488

2,880

The amounts due within one year are presented under short-term borrowings. For details on the exposure to interest rate and foreign currency risk, see note 24.

During 2010, the average effective interest rate was 6.14 percent (2009: 5.87 percent).

Debt issued

 

 

 

In € millions

2009

2010

 

 

 

4 1/4 % 2003/11 (€750/€539 million)

533

5 5/8 % 2003/13 ($500 million)

347

375

7 3/4 % 2008/14 (€1 billion )

993

995

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

120

25

Total

3,276

2,684

Aggregate maturities of long-term borrowings

 

 

 

In € millions

2012 – 2015

After 2015

 

 

 

Debt issued

2,395

289

Debt to credit institutions

2

4

Other borrowings

162

28

Total

2,559

321

On December 31, 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. On December 31, 2010 and 2009, none of the borrowings was secured by collateral.

Finance lease liabilities are included in other borrowings and aggregated €10 million. An amount of €2 million will mature within one year and €8 million will mature in the period 2012 through 2015.

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