15 Non-Derivative Financial Liabilities
|
Dec. 31, 2018 |
June 30, 2019 |
||
|---|---|---|---|---|
in € million |
non-current |
current |
non-current |
current |
|
|
|
|
|
Non-derivative financial liabilities |
|
|
|
|
Liabilities to banks |
4,893.5 |
306.6 |
5,170.0 |
633.0 |
Liabilities to other creditors |
12,544.0 |
2,272.0 |
12,774.7 |
1,830.8 |
Deferred interest from non-derivative financial liabilities |
– |
119.9 |
– |
117.9 |
|
17,437.5 |
2,698.5 |
17,944.7 |
2,581.7 |
|
|
|
|
|
The US dollar bond issued in 2013 is translated at the exchange rate at the end of the reporting period in line with applicable IFRS provisions. Allowing for the hedging rate prescribed through the interest hedging transaction entered into, this financial liability would be € 34.9 million lower than the recognized value (Dec. 31, 2018: € 33.5 million).
The non-derivative financial liabilities developed as follows in the fiscal year under review:
in € million |
Dec. 31, 2018 |
June 30, 2019 |
||
|---|---|---|---|---|
|
||||
|
|
|
||
Bond* |
600.0 |
600.0 |
||
Bond (Sweden)* |
58.5 |
0.0 |
||
Bond (US dollar)* |
184.9 |
184.9 |
||
Bond (EMTN)* |
11,850.0 |
12,350.0 |
||
Bond (Hybrid) |
700.0 |
0.0 |
||
Commercial Paper |
420.0 |
0.0 |
||
Portfolio loans |
|
|
||
Berlin Hannoversche Hypothekenbank, Hessische Landesbank* |
– |
461.8 |
||
Pfandbriefbank, Landesbank Baden-Württemberg* |
– |
500.0 |
||
Berlin-Hannoversche Hypothekenbank (Landesbank Berlin)* |
499.4 |
499.4 |
||
Berlin Hannoversche Hypothekenbank, Landesbank Berlin und Landesbank Baden-Württemberg* |
321.4 |
311.9 |
||
Deutsche Hypothekenbank* |
162.7 |
160.1 |
||
Nordrheinische Ärzteversorgung* |
29.7 |
29.2 |
||
Norddeutsche Landesbank* |
113.7 |
112.0 |
||
Mortgages |
5,094.1 |
5,206.6 |
||
|
20,034.4 |
20,415.9 |
||
Repayment of Corporate Bonds
On April 8, 2019, Vonovia repaid the subordinated debenture (hybrid) of € 700 million issued by Vonovia Finance B.V. in full.
Vonovia also repaid the corporate bond (Bond Sweden) issued by its Swedish subsidiary Victoria Park in the amount of € 58.5 million due on June 10, 2019, according to form.
Issue of Bonds Under the European Medium-Term Notes Program (EMTN)
With effect from January 29, 2019 and as part of its EMTN program, Vonovia placed a bond with a nominal volume of € 500 million and a coupon of 1.800% maturing on June 29, 2025 via its Dutch subsidiary Vonovia Finance B.V. The first interest payment date was June 29, 2019.