AIRBUS - 2019 Financial Statements

2.7 Capital Structure and Financial Instruments Notes to the IFRS Consolidated Financial Statements / The terms and repayment schedules of these bonds and loans are as follows: Principal amount (In million) Carrying amount (In € million) Issuance date Coupon or interest rate Effective interest rate Maturity date Additional features 31 December 2019 2018 US$ Bond 10 years US$ 1,000 896 848 Apr 2013 2.70% 2.73% Apr 2023 Interest rate swapped into 3M Libor +0.68% EMTN 10 years € 1,000 1,049 1,038 Apr 2014 2.375% 2.394% Apr 2024 Interest rate swapped into 3M Euribor +1.40% EMTN 15 years € 500 555 523 Oct 2014 2.125% 2.194% Oct 2029 Interest rate swapped into 3M Euribor +0.84% EMTN 10 years € 600 617 594 May 2016 0.875% 0.951% May 2026 Interest rate swapped into 3M Euribor EMTN 15 years € 900 940 865 May 2016 1.375% 1.49% May 2031 Interest rate swapped into 3M Euribor Convertible bond 7 years € 500 0 477 Jul 2015 0.00% 1.386% Jul 2022 Convertible into Airbus SE shares at € 99.54 per share issued at 102% Exchangeable bonds 5 years € 1,078 1,068 1,061 Jun 2016 0.00% 0.333% Jun 2021 Exchangeable into Dassault Aviation shares issued at 103.75% US$ Bond 10 years US$ 750 687 632 Apr 2017 3.15% 3.16% Apr 2027 Interest rate swapped into 3M Libor +0.87% US$ Bond 30 years US$ 750 680 621 Apr 2017 3.95% 4.02% Apr 2047 Interest rate swapped into 3M Libor +1.61% Bonds 6,491 6,659 DBJ 10 years US$ 300 89 87 Jan 2011 3M US-Libor +1.15% Jan 2021 Interest rate swapped into 4.76% fixed Others 261 266 Liabilities to financial institutions 350 353 Reconciliation of liabilities arising from financing liabilities: (In € million) Balance at 31 December 2018 IFRS 16 Impact Balance at 1 January 2019 Cash flows Non-cash movements Balance at 31 December 2019 Changes in scope Foreign exchange movements Others (1) Bonds and commercial papers 6,659 0 6,659 (168) 0 0 0 6,491 Liabilities to financial institutions 353 0 353 0 0 (3) 0 350 Loans 299 0 299 106 (60) (62) 0 283 Finance lease liabilities 330 1,352 1,682 (294) 0 172 0 1,560 Others 1,285 0 1,285 196 0 (17) 0 1,464 Total 8,926 1,352 10,278 (160) (60) 90 0 10,148 (1) Included in “other assets and liabilities and others” in the Statements of Cash Flows. 64 Airbus / Financial Statements 2019