ACCIONA, S.A. AND SUBSIDIARIES (Consolidated Group ...

The maturity schedule for these debt instruments for 2012 and the following years is as follows:
2012 2013 2014 2015 2016 Subsequent years Total
-- 161 632 676 723 54,303 56,495
At 31 December 2011, the details of the issue composing the balance under “Preference Shares,
Debt Instruments and Other Marketable Securities” were as follows:
- This balance relates to a private bond issue placed by the Canadian subsidiary Chinook Roads
Partnership and rated “A” by the Standard and Poors credit rating agency. The amount of the
issue, EUR 54,441 thousand, is to be used as part of the financing required to undertake the
construction, operation and maintenance of the Southeast Stoney Trail toll road in the city of
Calgary (Canada). This issue was launched on 31 March 2010 and bears annual interest of
7.134% payable monthly on the last working day of each month during the construction phase and
quarterly during the operation phase. The debt will be repaid in quarterly instalments beginning
on 31 December 2013 and ending on 31 March 2043.
The details of the debt instrument issue launched by Autovía de los Viñedos, S.A. and outstanding
at 31 December 2011, but which was classified as “Non-Current Liabilities – Liabilities
Associated with Non-Current Assets Classified as Held for Sale”, is as follows:
- The issue at the subsidiary Autovía de los Viñedos, S.A., amounting to EUR 64,100 thousand,
with respect to which the Group accounted for the 50% corresponding to it. This issue, which
was launched on 28 October 2004, bears annual interest of 4.79% payable on 15 December
each year throughout the term of the issue. Redemption of the bonds will commence on 15
December 2009 until they are fully redeemed on 15 December 2027. The issue is secured by
an XL Capital Assurance insurance policy. At 31 December 2011, the amount transferred
from the current and non-current balances under “Preference Shares, Debt Instruments and
Other Marketable Securities" to “Liabilities Associated with Non-Current Assets Classified as
Held for Sale” amounted to EUR 29,686 thousand (31 December 2010: EUR 30,611
thousand).
- Also, at 31 December 2010, EUR 80,333 thousand were transferred from the current and noncurrent
balances under “Preference Shares, Debt Instruments and Other Marketable
Securities" to “Liabilities Associated with Non-Current Assets Classified as Held for Sale”, in
relation to the issue carried out in 2004 at the Chilean subsidiary Sociedad Concesionaria de
Autopistas Metropolitanas, S.A. As indicated in Note 24, this company was sold in 2011.
- Page 84 -