Loans and interest rate hedges
VVO Group loans and interest rate hedging by loan group
| EUR million |
|
30 September 2014 |
30 September 2013 |
31 December 2013 |
| Interest subsidy loans |
|
608.8 |
610.6 |
611.9 |
| Annuity and mortgage loans |
|
302.5 |
312.6 |
312.6 |
| Market loans |
|
854.8 |
791.7 |
802.0 |
| Other loans |
|
19.8 |
26.7 |
21.0 |
| Commercial papers |
|
48.0 |
45.5 |
47.5 |
| Total |
|
1,833.8 |
1,787.1 |
1,795.1 |
|
|
|
|
|
|
1 January – 30 September 2014 |
1 January – 30 September 2013 |
| Interest costs from property loans |
EUR million |
Average interest % |
EUR million |
Average interest % |
| Interest subsidy loans *) |
7.0 |
1.5 |
8.0 |
1.8 |
| Annuity loans |
8.6 |
3.8 |
9.9 |
4.2 |
| Market loans |
10.5 |
1.9 |
9.5 |
1.8 |
| - Including hedging costs |
17.0 |
3.0 |
15.6 |
3.0 |
| Other loans |
0.2 |
3.7 |
0.2 |
3.5 |
| Property loans in total |
32.8 |
2.6 |
33.8 |
2.8 |
|
|
|
|
|
| Interest rate hedges, EUR million |
|
30 September 2014 |
30 September 2013 |
31 December 2013 |
| Market-based loans |
|
854.9 |
791.7 |
802.0 |
| - With fixed interest |
|
245.8 |
256.0 |
252.2 |
| - With floating rates |
|
609.1 |
535.7 |
549.8 |
| Interest rate derivative agreements |
|
434.8 |
347.2 |
344.9 |
| Interest rate options |
|
28.0 |
28.0 |
28.0 |
| Value of interest rate derivatives |
|
-44.9 |
-28.9 |
-27.6 |
| Degree of hedging, % |
|
80 |
76 |
74 |
|
|
|
|
|
| | | | | |
*) The interest subsidy paid by the State to banks was EUR 0.2 million (0.5).
