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4.2 FINANCIAL STATEMENTS OF DANONE SA, THE DANONE PARENT COMPANY
Note 14. Bonds and other financial debt
DANONE
REGISTRATION DOCUMENT 2015
156
NOTE 14. BONDS AND OTHER FINANCIAL DEBT
Bonds
Carrying amount
As of December 31
(in € millions)
2014
2015
Nominal value
6,615
8,093
Accrued interest
49
34
Total
6,664
8,127
Bonds issued by the Company are disclosed on Danone's website.
Most of the financing agreements entered into by the Company (bank credit facilities and bonds) include a change of control provision,
which offers creditors a right of early repayment in the event a change in control of the Company causes its rating by the financial rating
agencies to fall below investment grade.
2015 transactions
Year ended December 31
2015
Nominal
Currency
(in millions of currency)
Maturity
New financing
Euro bond issue under the EMTN program
EUR
550
2020
Euro bond issue under the EMTN program
EUR
750
2025
Euro bond issue under the EMTN program
EUR
750
2024
Repayment
Euro bond issue under the EMTN program
EUR
604
2015
Bonds: fixed rate/floating rate breakdown (after hedging where applicable) and changes during the period
As of Decem-
ber 31, 2014
Changes during the period
As of Decem-
ber 31, 2015
(in € millions)
New borrowings
Repayment
Change in
accrued interest
Revaluation
Fixed rate portion
Bonds
6,327
1,500
(604)
32
7,255
Accrued interest
49
(15)
34
Floating rate portion
Bonds
288
550
838
Accrued interest
−
−
Total
6,664
2,050
(604)
(15)
32
8,127