english - About Heraeus

The promissory notes as well as the registered bond are broken down as follows:
Due within
one year
Due in more
than one year Total
Due within
one year
Due in more
than one year Total
in € million deC. 31, 2012 deC. 31, 2011
Effective interest rate
5.31% – fixed interest – 99.9 99.9 – 99.9 99.9
5.07% – fixed interest 100.0 – 100.0 – 99.9 99.9
5.01% – fixed interest – – – 50.0 – 50.0
Total promissory notes 100.0 99.9 199.9 50.0 199.8 249.8
Effective interest rate
4.01% – fixed interest – 48.2 48.2 – – –
Registered bonds total – 48.2 48.2 – – –
The promissory notes amounting to €199.9 million (previous year: € 249.8 million) have
initial terms of between five and seven years and pay fixed interest. The two promissory
notes, each with a nominal amount of €100.0 million, were recognized at issuing prices
of 99.7% and 99.75%, respectively. The discounts are written up over the life of the bonds
using the effective interest method. During financial year 2012, a promissory note with
a total of € 50.0 million was repaid on time.
In October 2012, Heraeus Finance GmbH issued a registered bond with a nominal total
of € 50.0 million with a term of 20 years. The issue price was recognized at 99.452%;
the discount is written up over the life of the bond using the effective interest method.
The effective interest rate for liabilities due to banks during the year under review was
between 0.83% and 7.22% (previous year: 1.05% and 7.87%).
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