Note 26
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-
Financial statements - Notes to the consolidated financial statements
Bonds and notes
The bonds and notes in the table below were issued by Ahold or one of its subsidiaries, the latter of which are guaranteed
by Ahold unless otherwise noted. All related swap contracts have the same maturity as the underlying debt unless
otherwise noted.
Between
Within
one and
After
December 31,
January 1,
Notional redemption amounts
one year
five years
five years
2006
2006
EUR-denominated bonds and notes
EUR 1,500 notes 5.875%, due May 2008
EUR 600 notes 5.875%, due March 2012
EUR 227 bond 6.25%, due December 2006
EUR 200 notes 6.375%, due November 2007
EUR 136 bond 5.875%, due December 2007
USD-denominated notes
USD 700 notes 8.25%, due July 2010
USD 500 notes 6.25%, due May 2009
USD 500 notes 6.875%, due May 2029
USD 94 indebtedness 7.82%, due January 2020
USD 71 indebtedness 8.62%, due January 2025
Other-currencies denominated loans
GBP 500 notes 6.50%, due March 2017
JPY 33,000 notes LIBOR plus 1.5%, due May 2031
Deferred financing costs
Total
1,073
200
136
407
1,073
407
200
136
1,091
407
227
200
136
530
379
17
530
591
379
422
379
379
422
53
70
79
54
54
60
332
210
332
210
315
236
(3)
333
(4)
1,995
(4)
1,431
(11)
3,759
(15)
4,171
On October 24, 2005 Ahold Finance USA and Ahold closed
their successful solicitations of offers to sell for cash for the
amount of up to EUR 1,000 equivalent in principal amount
of certain of the notes issued by them (the "October 2005
Solicitation"), under the terms as set out in the Solicitation
Memorandum dated October 11, 2005.
EUR-denominated bonds and notes
EUR 1,500 notes 5.875 percent, of which EUR 600 was
swapped to a six-month floating interest rate. The carrying
amount of these notes includes fair value changes related
to the hedged risk in an amount of EUR 10 as of
December 31, 2006 (January 1, 2006: EUR 27). As a
result of the October 2005 Solicitation, Ahold bought back
a part of the notes in an amount of EUR 437.
EUR 600 notes 5.875 percent, were swapped to USD 534
at an interest rate of 6.835 percent. As a result of the
October 2005 Solicitation, Ahold bought back a part of
the notes in an amount of EUR 193 and on the same day
Ahold terminated EUR 193 notional portion of the
corresponding swap.
EUR 227 bond 6.25 percent was swapped to USD 296
at an interest rate of 7.152 percent. This bond and a
corresponding swap matured on November 28, 2006.
Other-currencies denominated loans
A notional amount of GBP 250 of the GBP 500 notes
6.50 percent was swapped through two swap contracts to
USD 356 that carried an interest rate of 7.493 percent.
As a result of the October 2005 Solicitation, Ahold bought
back GBP 250 of the notes and simultaneously terminated
the above-mentioned swaps. The remaining notional
amount of GBP 250 was, through two swap contracts, also
swapped to USD 356 and carries a six-month floating
USD interest rate. Ahold is required under these swap
contracts to redeem the USD notional amount through
semi-annual installments that commenced in
September 2004.
JPY 33,000 notes, six months JPY LIBOR 1.5 percent,
notes were swapped to EUR 299 at an interest rate of
7.065 percent.
100 Ahold Annual Report 2006
