12. Financial liabilities
Audited informationin CHF |
Interest rate |
Term |
Amount 31.12.2019 |
Amount 31.12.2018 |
||||
|---|---|---|---|---|---|---|---|---|
Non-current interest bearing liabilities to third parties |
|
|
|
|
||||
Straight bond |
3.250 |
2012-2019 |
— |
285 000 000 |
||||
Certificate of indebtedness |
mixed |
2015-2020 |
162 679 500 |
169 083 496 |
||||
Certificate of indebtedness |
1.012 |
2016-2020 |
171 727 450 |
176 409 004 |
||||
Certificate of indebtedness |
6 m EURIBOR+1.05 |
2016-2020 |
60 900 150 |
62 560 476 |
||||
Certificate of indebtedness |
0.779 |
2016-2021 |
60 191 415 |
62 560 872 |
||||
Certificate of indebtedness |
2.618 |
2016-2021 |
107 503 240 |
108 740 800 |
||||
Certificate of indebtedness |
3 m LIBOR +1.5 |
2016-2021 |
161 498 080 |
163 354 136 |
||||
Straight bond |
3.500 |
2012-2022 |
175 000 000 |
175 000 000 |
||||
Certificate of indebtedness |
mixed |
2015-2023 |
162 679 500 |
169 080 925 |
||||
Certificate of indebtedness |
6m EURIBOR +1.1 |
2016-2023 |
14 098 890 |
14 653 856 |
||||
Certificate of indebtedness |
1.137 |
2016-2023 |
28 740 045 |
29 871 285 |
||||
Certificate of indebtedness |
1.501 |
2016-2023 |
80 651 550 |
82 849 245 |
||||
Straight bond |
2.125 |
2014-2024 |
160 000 000 |
160 000 000 |
||||
Certificate of indebtedness |
1.194 |
2018-2024 |
103 868 000 |
103 703 407 |
||||
Certificate of indebtedness |
1.548 |
2018-2025 |
115 722 500 |
115 539 055 |
||||
Certificate of indebtedness |
6m EURIBOR+0.95 |
2018-2025 |
60 401 500 |
60 305 799 |
||||
Certificate of indebtedness |
2.010 |
2016-2026 |
15 910 850 |
16 344 289 |
||||
Straight bond |
1.125 |
2019-2026 |
200 000 000 |
— |
||||
Certificate of indebtedness |
2.087 |
2018-2028 |
19 193 000 |
19 162 558 |
||||
Total straight bonds and certificates of indebtedness |
|
|
1 860 765 670 |
1 974 219 203 |
||||
Other non-current interest-bearing liabilities to banks and other financial institutions |
|
|
5 899 210 |
— |
||||
Total interest bearing liabilities |
|
|
1 866 664 880 |
1 974 219 203 |
||||
Less: Other current interest bearing liabilities |
|
|
–395 307 100 |
–285 000 000 |
||||
Total non-current interest bearing liabilities to third parties |
|
|
1 471 357 780 |
1 689 219 203 |
||||
Non-current interest bearing liabilities to Group Companies |
|
|
|
|
||||
Financial liabilities to Clariant Oil Service Ltd |
0.750 |
— |
— |
588 |
||||
Non-current interest bearing liabilities to Group Companies |
|
|
— |
588 |
||||
|
|
|
|
|
||||
Total non-current interest bearing liabilities |
|
|
1 471 357 780 |
1 689 219 791 |
||||
|
|
|
|
|
||||
Breakdown by maturity |
|
|
|
|
||||
one to five years |
|
|
1 056 169 145 |
1 214 164 683 |
||||
more than five years |
|
|
415 188 635 |
475 055 108 |
||||
Total non-current interest bearing liabilities |
|
|
1 471 357 780 |
1 689 219 791 |
On 15 April 2019 a new bonds in the amount of CHF 200 million were launched with a term of 7 years and a fixed interest rate of 1.125% p.a.
On 24 April 2019 a bond issued in 2012 in the amount of CHF 285 million reached maturity and was repaid.
On 25 September 2018 Clariant issued four certificates of indebtedness with a total amount of EUR 265 million (CHF 299 million). These certificates have the following terms: EUR 92 million for 5.5 years at a fixed interest rate of 1.194% p.a., EUR 102 million for 7 years at a fixed interest rate of 1.548% p.a., EUR 54 million for 7 years at a variable interest rate (6-months Euribor + 0.95% p.a.), EUR 17 million for 10 years at a fixed interest rate of 2.087% p.a.
Two certificates of indebtness issued in 2015 with nominal value of EUR 150 million and two certificates of indebtness issued in 2016 with nominal value of EUR 212 million will fall due in 2020 and were therefore reclassified to current financial debts.
On 26 September 2018, a bond issued in 2012 in the amount of CHF 250 million reached maturity and was repaid.