93
2013
Annual Report
29
15.1.
Loans and borrowings
Details of bank loans at 31 December 2013 are as follows:
EIB loan 1999 Loan 2007
Loan 2009
Bilateral
loan 2009
Bilateral
loan 2010 Loan 2012
Bilateral
loan 2013
Thousands
of Euros
Entity
European
Investment Bank
5 banks,
including
Kutxabank
9 banks,
including
Kutxabank
Banco
Santander
Banesto Kutxabank
4 banks
-
Contract date
17/12/1999 25/07/2007
30/06/2009 30/09/2009 18/12/2009 19/12/2012 22/03/2013
-
Amount (in thousands of Euros)
120,000
150,000
130,000
4,000
5,000
130,500
69,500
-
Term
15 years
8.5 years
5 years
5 years
5 years
8 years
4 years
-
Grace period
5 years
6 years
2 years
2 years
2 years
5 years
3 years
-
Repayment
10 equalannual
instalments as of
15/12/2005
6 equalhalf-
yearly
instalments
as of
25/07/2013
6 equalhalf-
yearly
instalments as of
30/12/2011
6 equalhalf-
yearly
instalments
as of
30/12/2011
6 equalhalf-
yearly
instalments
as of
30/12/2011
6 equalhalf-
yearly
instalments
as of
30/12/2017
3 equalhalf-
yearly
instalments
as of
30/12/2016
-
Guarantees
Guarantee
syndicated by 9
banks, including
Kutxabank
-
-
-
-
-
-
-
Maturity date
15/12/2014 25/01/2016
30/06/2014 30/06/2014 30/06/2014 30/06/2020 30/12/2017
-
Interest rate
Variable at each
repayment
Variable
pegged to
Euribor
Variable pegged
to Euribor
Variable
pegged to
Euribor
Variable
pegged to
Euribor
25%
variable
pegged to
Euriborand
75% at the
hedged rate
of 1.525%
25%
variable
pegged to
Euriborand
75% at the
hedged rate
of 1.051%
-
Average interest 2012
0.85% 2.93%
2.18%
2.14% 2.18%
n/a
n/a
-
Average interest 2013
0.34% 2.68%
1.90%
1.88% 1.90% 5.15% 5.15%
-
Outstanding principal due
12,000
125,000
21,667
666
833
79,667
69,500
309,333
Current
12,000
50,000
21,667
666
833
-
-
85,166
Non-current
-
75,000
-
-
-
79,667
69,500
224,167
