Shareholders and investors > Economic-financial information

Debt and funding

€ million 31/12/2009 31/03/2010 30/06/2010

(1) Listed investees were valued by multiplying the number of shares by the closing price at the date considered. Non-listed investees were appraised using the valuations at December 31, 2009, except Agbar and Adeslas which were appraised at June 30, 2010.

(2) Pro-forma figures are based on the aggregate net debt/cash position reflected in the non-consolidated financial statements of Criteria CaixaCorp and of the holding companies, as well as on transactions underway.

(3) Includes the commited transaction in Adeslas/Agbar, which was completed in June 2010.
GAV (gross asset value)(1) (3) 24,380 23,139 21,275
Pro-forma net debt (2) (3) -6,764 -5,924 -6,058
Pro-forma Net debt / GAV (3) 28% 26% 28%
€ million 31/12/2009 31/03/2010 30/06/2010
Criteria CaixaCorp financial debt -6,560 -6,214 -6,821
Holding companies debt 306 188 9
Debtors net 352 633 754
Investment commitments 862 -531 0
CriteriaCaixaCorp Group Pro-forma net debt position -6,754 -5,924 -6,058

Bonds and other marketable securities:

On November 12, 2009 the Company launched its first plain vanilla bonds issue, for €1,000 million. The issue matures in November 2014 and bears an annual coupon of 4.125%.

This issue was carried out under the Criteria CaixaCorp Fixed Income Program, registered with the Comisión Nacional del Mercado de Valores, the Spanish securities market regulator, on September 29, 2009. This program foresees the possibility of issues totaling up to €3,000 million.

Read More Issuance.

Payable to credit institutions:

In 2009 the Company renegotiated the financial debt and remains composed of the following form:

  • A €1,000 million long-term loan was secured from “la Caixa.” The loan falls due in November 2013.
  • A €1,000 million long-term loan was secured from “la Caixa.” The loan falls due in November 2016.
  • Drawdowns of €3,785 million on Criteria CaixaCorp’s credit facility (available limit of €5,500 million). This credit facility matures in July 2012.