AIRBUS - 2020 Financial Statement

4. Notes to the IFRS Company Financial Statements /

15.4 Financing Liabilities Current and non-current classification — A financial asset or liability is classified as current if it is settled within 12 months after the reporting date, and as non-current otherwise. Financing liabilities comprise obligations towards financial institutions, issued corporate bonds, and borrowing received from joint ventures and other parties. The Company has received several euro-denominated loans and one US dollar-denominated loan from Airbus Finance B.V. (“AFBV”). It has also issued a convertible bond in euro and euro-denominated exchangeable bonds into Dassault Aviation shares and two stand-alone US dollar-denominated bonds on the US institutional market under Rule 144A. Furthermore, the Company has long-term US dollar-denominated loans outstanding with the Development Bank of Japan (“DBJ”). The terms and repayment schedules of these bonds and loans are as follows:

Carrying amount

Effective interest

Principal amount (in million)

31 December 2020

Coupon or interest rate

rate Maturity

Additional features

2019

Loans from Airbus Finance B.V.

Interest rate swapped into 3M Euribor +1.40% Interest rate swapped into 3M Euribor +0.84% Interest rate swapped into 3M Euribor +0.50% Interest rate swapped into 3M Euribor +0.66% Interest rate swapped into 3M US-Libor +0.68%

AFBV 10 years (EMTN)

€1,000 €1,047 €1,048

2.40% 2.45% Apr. 2024

AFBV 15 years (EMTN)

€500 €571 €555

2.15% 2.24% Oct. 2029

AFBV 10 years (EMTN)

€600 €626

€617

0.91% 1.01% May 2026

AFBV 15 years (EMTN)

€900 €983 €940

1.41% 1.53% May 2031

AFBV US$ Loan 10 years US$1,000 €845 €896

2.72% 2.80% Apr. 2023

Loans from financial institutions

3M US-Libor

Interest rate swapped into 4.76% fixed

€81

€89

+1.15% 4.84% Jan. 2021

DBJ 10 years

US$100

Bond EMTN 5 years

€750 €745

€0

1.63% 1,80% Apr. 2025

EMTN 6 years

€1,250 €1,243

€0

1,38% 1,47% Jun. 2026

€0

2.00% 2.10% Apr. 2028

EMTN 8 years

€750 €745

EMTN 10 years

€1,250 €1,237

€0

1.63% 1,74% Jun. 2030

€0

2,38% 2.49% Apr. 2032

EMTN 12 years

€1,000 €987

EMTN 20 years

€1,000 €988

€0

2.38% 2,44% Jun. 2040

Exchangeable into Dassault Aviation SA shares at €1,306.25 per share

Exchangeable bond 5 years

€1,078 €1,075 €1,068

0.00% 0.33% June 2021

Interest rate swapped into 3M Libor +0.87% Interest rate swapped into 3M Libor +1.61%

US$ Bond 10 years

US$750 €672 €687

3.15% 3.20% Apr 2027

US$ Bond 30 years

US$750 €667 €680

3.95% 4.02% Apr 2047

4

Total

€12,512 €6,580

Thereof non-current financing liabilities Thereof current financing liabilities

€11,356 €6,580

€1,156

€0

Long-term financing liabilities , mainly comprising bonds and liabilities to financial institutions, increased by €4,776 million to €11,356 million (2019: €6,580 million), mainly due to the issuance of two bonds for a total of €6 billion. The first bond was split into a five year-maturity tranche of €750 million with a coupon of 1.625%, an eight year-maturity tranche of €750 million with a coupon of 2.00% and a 12 year-maturity tranche of €1 billion with a coupon of 2.375%. The second bond was split into a six year-maturity tranche of €1.25 billion with a coupon of 1.375%, a ten year-maturity tranche of €1.25 billion with a coupon of 1.625% and a 20 year-maturity tranche of €1 billion with a coupon of 2.375%.

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Airbus / Financial Statements 2020