Airbus - Financial Statements 2022

4. Notes to the IFRS Company Financial Statements Capital Structure and Financial Instruments

16.4 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 associates and other parties.

Carrying amount (In € million)

Principal amount (In million)

Coupon or interest rate

Effective interest

31 December 2022

2021

rate Maturity

Additional features

Loans from financial institutions Airbus Bank GmbH

0

591

Bonds

Interest rate swapped into 3M Euribor +0.84% Interest rate swapped into 3M Euribor +1.40% Interest rate swapped into 3M Euribor +0.50% Interest rate swapped into 3M Euribor +0.66% Interest rate swapped into 3M Euribor +2.01% Interest rate swapped into 3M Euribor +2.15% Interest rate swapped into 3M Euribor +2.24% Interest rate swapped into 3M Euribor +1.66% Interest rate swapped into 3M Euribor +1.61% Interest rate swapped into 3M Euribor +1.93% Interest rate swapped into 3M Libor +0.87% Interest rate swapped into 3M Libor +1.61%

EMTN 15 years

€500

444

525

2.12% 2.21% Oct. 2029

EMTN 10 years

€823

799

1,043

2.38% 2.42% Apr. 2024

EMTN 10 years

€461

419

645

0.88% 0.98% May 2026

EMTN 15 years

€900

737

903

1.38% 1.50% May 2031

EMTN 5 years

€561

515

732

1.63% 1,80% Apr. 2025

EMTN 8 years

€611

512

725

2.00% 2.10% Apr. 2028

EMTN 12 years

€1,000

754

957

2,38% 2.49% Apr. 2032

EMTN 6 years

€894

792

1,215

1,38% 1,47% Jun. 2026

EMTN 10 years

€1,250

989

1,200

1.63% 1,74% Jun. 2030

EMTN 20 years

€1,000

646

958

2.38% 2,44% Jun. 2040

US$ Bond 10 years

US$750

653

694

3.15% 3.20% April 2027

US$ Bond 30 years

US$750

643

731

3.95% 4.02% April 2047

Total

7,903 10,919

Thereof non ‑ current financing liabilities

7,903 10,328

Thereof current financing liabilities

0

591

Long ‑ term financing liabilities , mainly comprising bonds and liabilities to financial institutions, decreased by € -2,425 million to €7,903 million (2021: €10,328 million), mainly due to the decrease in values of bonds linked to higher interest rates and a €1 billion bond buyback performed in June 2022 (see “– Note 17: Information about Financial Instruments” of the Company Financial Statements). Short ‑ term financing liabilities decreased by €-591 million to €0 million (2021: €591 million), mainly due to repayment of the repo transaction with Airbus Bank. As part of group ‑ wide liquidity management, the Company could agree on repo transaction with Airbus Bank to increase flexibility and short ‑ term borrowing capacity. The Company can issue commercial papers under its €11 billion Negotiable European Commercial Paper (“NEuCP”) programme, its €4 billion Euro Commercial Paper (“ECP”) programme and its US$3 billion US Commercial Paper programme. As of 31 December 2022, there were no outstanding amounts under any of its Commercial Paper Programme.

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