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31%
32%
19%
18%
3) Current financial debts
At 31.12.2015, Cofinimmo’s current financial debts amounted to
445.7 million EUR, including:
•
220.5 million EUR in commercial papers of a duration of less than a
year, including 196.0 million EUR for a duration greater than 95 days.
Issues of short-term commercial papers are fully covered by
confirmed, long-term credit line availability. Cofinimmo thus benefits
from the attractive cost of this short-term financing program, while
securing its refinancing if the placement of new commercial papers
were to become more expensive or impracticable.
•
174.8 million EUR in convertible bonds issued in 2011;
•
43.5 million EUR for drawdowns on credit lines maturing during 2016;
•
6.9 million in other loans (mainly account debits).
The refinancing of debts maturing during 2016 (353.3 million EUR),
2017 (171.0 million EUR) and 2018 (290.8 million EUR) has already been
completed, and 71% of the debts maturing in 2019 were also refinanced
at the end of 2015.
Breakdown of debts (in %)
Convertible
bonds
Non-convertible
bonds and long-
term commercial
papers
Short-term
commercial
papers and other
Bank
credits
Laarsveld nursing home and service flats – Geel (BE)
Den Brem nursing home - Rijkevorsel (BE)
80
Management report /
Management of Financial Resources