Annual Report 2010 - Enel.com

Long-term financial debt by currency and interest rate
Millions of euro Balance Nominal value Balance
Current average
interest rate
at Dec. 31, 2010 at Dec. 31, 2009 at Dec. 31, 2010
Current
effective
interest rate
Euro 38,699 38,996 42,512 3.20% 3.38%
US dollar 8,444 8,485 8,266 5.93% 6.30%
Pound sterling 4,350 4,403 4,210 5.83% 5.87%
Japanese yen 184 184 150 3.25% 3.28%
Russian ruble 220 220 116 8.50% 9.88%
Chilean peso/UF 765 771 649 7.35% 7.91%
Brazilian real 1,073 1,078 1,233 10.65% 10.96%
Colombian peso 1,156 1,156 1,099 7.80% 7.80%
Peruvian sol 366 366 338 6.20% 6.20%
Other currencies 182 180 186
Total non-euro currencies 16,740 16,843 16,247
TOTAL 55,439 55,839 58,759
Long-term financial debt denominated in currencies other
than the euro increased by €493 million. The change is
largely attributable to the general weakening of the euro
against the other main currencies. However, that change
is essentially figurative as it was generated by debt de-
Change in the nominal value of long-term debt
Millions of euro
Nominal
value Repayments
at Dec. 31,
2009
Change in
own bonds
nominated in currencies other than the euro (hedged by
corresponding cross currency interest rate swaps) and the
debt of Group companies whose functional currency is
not the euro.
Change in
scope of
consolidation
New
financing
Exchange
rate
differences
Reclassification
to liabilities
held for sale
Nominal
value
at Dec. 31,
2010
Bonds 33,192 (942) (73) - 3,246 1,089 - 36,512
Bank loans 23,279 (8,247) - (236) 2,150 119 (415) 16,650
Preference shares 1,500 - - - - - - 1,500
Other loans 1,241 (348) - 121 101 62 - 1,177
Total financial debt 59,212 (9,537) (73) (115) 5,497 1,270 (415) 55,839
Compared with December 31, 2009, the nominal value
of long-term debt at December 31, 2010, decreased by
€3,373 million, which is the net effect of €9,537 million
in repayments and redemptions, €5,497 million in new financing,
€115 million arising from changes in the scope
of consolidation, €73 million due to changes in own bond
holdings, €1,270 million in exchange rate losses and €415
million from the reclassification to liabilities held for sale.
The main repayments and redemptions for the period
concerned bonds in the amount of €942 million, the repayment
of maturing bank loans in the amount of €8,247
million, as well as non-bank loans in the amount of €348
million.
More specifically, the main bonds maturing in 2010 included:
> €648 million related to bonds issued by the Endesa
Group, which were repaid in 2010;
> €225 million related to bonds issued by Enel Investment
Holding BV.
Repayments of bank loans made during the year were the
following:
> €3,000 million in voluntary repayments following the
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