(XLS:) Download  |
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Up to one year |
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Over one year | ||||
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03/31/2009 |
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03/31/2010 |
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03/31/2009 |
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03/31/2010 |
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Bank loans and bonds |
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1,309.4 |
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1,393.2 |
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3,438.8 |
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3,211.3 |
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Liabilities from finance leases |
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7.1 |
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6.0 |
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60.4 |
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56.3 |
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Liabilities from affiliated companies |
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17.2 |
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17.7 |
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0.0 |
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0.0 |
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Liabilities from other investments |
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46.0 |
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21.6 |
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0.0 |
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0.1 |
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Other payables and liabilities |
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65.3 |
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9.5 |
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1.4 |
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0.6 |
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1,445.0 |
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1,448.0 |
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3,500.6 |
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3,268.3 |
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In millions of euros | ||
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On July 21, 2005, convertible bonds with a nominal value of EUR 250 million, a term of five years, and an interest rate of 1.5% were issued.
The proceeds from the issue of the convertible bonds are separated into a liability and an equity component. The equity component reflects the market value of the embedded option to convert the liability into equity.
The interest expense for the convertible bond is calculated by using the effective interest rate method with an interest rate of 4.0%.
In the reporting period, voestalpine AG called the convertible bond 2005/10 effective January 29, 2010, and redeemed it entirely. For detailed information, please refer to item 17 (Equity).
As of March 31, 2010, the liability component is calculated as follows:
| (XLS:) Download |
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Liability component as of April 1, 2008 |
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67.6 |
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Conversion |
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–46.6 |
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Interest accrued |
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–0.1 |
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Liability component as of March 31, 2009 |
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20.9 |
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Conversion |
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–21.0 |
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Interest accrued |
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0.1 |
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Liability component as of March 31, 2010 |
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0.0 |
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In millions of euros |
On December 17, 2008, voestalpine AG issued a fixed-interest bond amounting to EUR 333.0 million. The bond will be redeemed in two tranches, with the first payment of EUR 222.0 million falling due on December 17, 2010, and the second payment of EUR 111.0 million falling due on December 17, 2011. The fixed interest rate over the entire term of both tranches is 5.75%.
On March 30, 2009, voestalpine AG issued a fixed-interest bond amounting to EUR 400.0 million. The bond will be redeemed on March 30, 2013. The interest rate amounts to 8.75% p.a.
