UNIVERSAL REGISTRATION DOCUMENT 2023
7 FINANCIAL STATEMENTS Combined financial statements and notes
Note 18 Financing debt
18.1 Financing debt by maturity
31.12.2023
31.12.2022
1 ‑ 5 years
1 ‑ 5 years
< 1 year
> 5 years
Total
< 1 year
> 5 years Total
(in millions of euros)
Subordinated debt of insurance companies Financing debt represented by securities Financing debt with banking ‑ sector companies
0
1,641
497
2,138
0
644
1,492 2,135
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
TOTAL
0
1,641
497
2,138
0
644
1,492 2,135
The figures presented for 31 December 2022 are pro forma .
Nominal (in millions of euros)
Maturity (if dated)
Coupon rate Step ‑ up clause
Issued by
Issue date
Coupon
Groupama Assurances Mutuelles
650 23.01.2017 23.01.2027
Fixed
6.00%
No
Groupama Assurances Mutuelles
500 24.09.2018 24.09.2028
Fixed
3.38%
No
Groupama Assurances Mutuelles
500 16.09.2019 16.09.2029
Fixed
2.13%
No
Groupama Assurances Mutuelles
500 07.07.2021 07.07.2028
Fixed
0.75%
No
At 31 December 2023, the rating:
In view of the specific terms and conditions of each issue pursuant to IAS 32 §16 and 17, these bonds are considered as financial liabilities rather than equity instruments. They are therefore recognised under financing debts. Interest expenses are recognised under financing expenses in the income statement.
for the 2017 issue was 107.4%, compared with 104.3% at 31 December 2022; ❯ for the 2018 issue was 99.2%, compared with 91.2% at 31 December 2022; ❯ for the 2019 issue was 91.2%, compared with 84.0% at 31 December 2022; ❯ for the 2021 issue was 88.6%, compared with 80.9% at 31 December 2022. ❯
18.2 Financing debt – by currency and by rate
31.12.2023
Currencies
Rate
Non ‑ eurozone
Eurozone
Fixed rate
Variable rate
(in millions of euros)
Subordinated debt of insurance companies
2,138
0
2,138
0
Financing debt represented by securities
0
0
0
0
Financing debt with banking ‑ sector companies
0
0
0
0
TOTAL
2,138
0
2,138
0
263
Document d’Enregistrement Universel 2023 GROUPAMA ASSURANCES MUTUELLES
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