| 14. | Debt |
a) The Company’s short- and long-term debt consists of the following:
|
At December 31, 2016 |
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|
Currency |
Loan |
Interest rate |
Maturity | Total | ||||||||
|
Senior Notes |
||||||||||||
|
U.S. dollars |
||||||||||||
| Fixed-rate Senior notes (i) | 5.625% | 2017 | Ps. | 12,088,686 | ||||||||
| Fixed-rate Senior notes (i) | 5.000% | 2019 | 15,548,550 | |||||||||
| Fixed-rate Senior notes (i) | 5.500% | 2019 | 7,823,657 | |||||||||
| Fixed-rate Senior notes (i) | 5.000% | 2020 | 44,050,390 | |||||||||
| Fixed-rate Senior notes (i) | 3.125% | 2022 | 33,170,240 | |||||||||
| Fixed-rate Senior notes (i) | 6.375% | 2035 | 20,344,345 | |||||||||
| Fixed-rate Senior notes (i) | 6.125% | 2037 | 7,654,551 | |||||||||
| Fixed-rate Senior notes (i) | 6.125% | 2040 | 25,914,250 | |||||||||
| Fixed-rate Senior notes (i) | 6.125% | 2040 | 15,548,550 | |||||||||
| Fixed-rate Senior notes (i) | 4.375% | 2042 | 23,841,110 | |||||||||
|
|
|
|||||||||||
| Subtotal U.S. dollars | Ps. | 205,984,329 | ||||||||||
|
|
|
|||||||||||
|
Mexican pesos |
||||||||||||
| Domestic Senior notes (ii) | 8.390% | 2017 | Ps. | 2,000,000 | ||||||||
| Domestic Senior notes (ii) | 8.110% | 2018 | 1,750,000 | |||||||||
| Domestic Senior notes (ii) | 8.270% | 2018 | 1,160,109 | |||||||||
| Domestic Senior notes (ii) | 8.600% | 2020 | 7,000,000 | |||||||||
| Domestic Senior notes (ii) | 0.000% | 2025 | 4,133,793 | |||||||||
| Domestic Senior notes (ii) | 8.360% | 2037 | 5,000,000 | |||||||||
| Fixed-rate Senior notes (i) | 6.000% | 2019 | 10,000,000 | |||||||||
| Fixed-rate Senior notes (i) | 6.450% | 2022 | 22,500,000 | |||||||||
| Fixed-rate Senior notes (i) | 7.125% | 2024 | 11,000,000 | |||||||||
| Fixed-rate Senior notes (i) | 8.460% | 2036 | 7,871,700 | |||||||||
|
|
|
|||||||||||
| Subtotal Mexican pesos | Ps. | 72,415,602 | ||||||||||
|
|
|
|||||||||||
|
Euros |
||||||||||||
| Fixed-rate Senior notes (i) | 4.250% | 2017 | Ps. | 10,962,292 | ||||||||
| Fixed-rate Senior notes (i) | 3.750% | 2017 | 21,803,213 | |||||||||
| Fixed-rate Senior notes (i) | 1.000% | 2018 | 13,081,928 | |||||||||
| Fixed-rate Senior notes (i) | 4.125% | 2019 | 21,803,213 | |||||||||
| Exchangeable Bonds (i) | 0.000% | 2020 | 61,961,244 | |||||||||
| Fixed-rate Senior notes (i) | 3.000% | 2021 | 21,803,213 | |||||||||
| Fixed-rate Senior notes (i) | 3.125% | 2021 | 17,399,163 | |||||||||
| Fixed-rate Senior notes (i) | 4.000% | 2022 | 18,067,554 | |||||||||
| Fixed-rate Senior notes (i) | 4.750% | 2022 | 16,352,410 | |||||||||
| Fixed-rate Senior notes (i) | 3.500% | 2023 | 7,047,557 | |||||||||
| Fixed-rate Senior notes (i) | 3.259% | 2023 | 16,352,410 | |||||||||
| Fixed-rate Senior notes (i) | 1.500% | 2024 | 18,532,731 | |||||||||
| Fixed-rate Senior notes (i) | 1.500% | 2026 | 10,901,607 | |||||||||
| Fixed-rate Senior notes (i) | 2.125% | 2028 | 14,172,089 | |||||||||
|
|
|
|||||||||||
| Subtotal Euros | Ps. | 270,240,624 | ||||||||||
|
|
|
|||||||||||
|
Pound sterling |
||||||||||||
| Fixed-rate Senior notes (i) | 5.000% | 2026 | Ps. | 12,791,274 | ||||||||
| Fixed-rate Senior notes (i) | 5.750% | 2030 | 16,628,656 | |||||||||
| Fixed-rate Senior notes (i) | 4.948% | 2033 | 7,674,764 | |||||||||
| Fixed-rate Senior notes (i) | 4.375% | 2041 | 19,186,911 | |||||||||
|
|
|
|||||||||||
| Subtotal Pound sterling | Ps. | 56,281,605 | ||||||||||
|
|
|
|||||||||||
|
Swiss francs |
||||||||||||
| Fixed-rate Senior notes (i) | 2.000% | 2017 | Ps. | 5,493,109 | ||||||||
| Fixed-rate Senior notes (i) | 1.125% | 2018 | 11,189,666 | |||||||||
|
|
|
|||||||||||
| Subtotal Swiss francs | Ps. | 16,682,775 | ||||||||||
|
|
|
|||||||||||
|
Other currencies |
||||||||||||
|
Japanese yen |
||||||||||||
| Fixed-rate Senior notes (i) | 2.950% | 2039 | Ps. | 2,306,643 | ||||||||
|
|
|
|||||||||||
| Subtotal Japanese yen | Ps. | 2,306,643 | ||||||||||
|
|
|
|||||||||||
|
Chilean pesos |
||||||||||||
| Fixed-rate Senior notes (i) | 3.961% | 2035 | Ps. | 4,079,443 | ||||||||
|
|
|
|||||||||||
| Subtotal Chilean pesos | Ps. | 4,079,443 | ||||||||||
|
|
|
|||||||||||
| Subtotal other currencies | Ps. | 6,386,086 | ||||||||||
|
|
|
|||||||||||
|
Hybrid Notes |
||||||||||||
|
Euros |
||||||||||||
| Euro NC5 Series A Capital Securities (iv) | 5.125% | 2073 | Ps. | 19,622,892 | ||||||||
| Euro NC10 Series B Capital Securities (iv) | 6.375% | 2073 | 11,991,767 | |||||||||
|
|
|
|||||||||||
| Subtotal Euros | Ps. | 31,614,659 | ||||||||||
|
|
|
|||||||||||
|
Pound sterling |
||||||||||||
| GBP NC7 Capital Securities (iv) | 6.375% | 2073 | Ps. | 14,070,401 | ||||||||
|
|
|
|||||||||||
| Subtotal Pound sterling | Ps. | 14,070,401 | ||||||||||
|
|
|
|||||||||||
| Subtotal Hybrid Notes | Ps. | 45,685,060 | ||||||||||
|
|
|
|||||||||||
|
Lines of Credit and others |
||||||||||||
|
U.S. dollars |
||||||||||||
| Lines of credit (iii) | 1.500% - 8.500% | 2017 | Ps. | 14,929,806 | ||||||||
|
Mexican pesos |
||||||||||||
| Lines of credit (iii) | TIIE + 0.150% - TIIE + 2.000% | 2017 | Ps. | 15,111,048 | ||||||||
|
Euros |
||||||||||||
| Lines of credit (iii) | 3.525% | 2018 | Ps. | 491,144 | ||||||||
|
Brazilian reals |
||||||||||||
| Lines of credit (iii) | 3.000% - 9.500% | 2018 - 2021 | Ps. | 3,467,091 | ||||||||
|
Chilean pesos |
||||||||||||
| Financial Leases | 8.700% - 8.970% | 2018 - 2027 | Ps. | 126,233 | ||||||||
|
|
|
|||||||||||
| Subtotal lines of credit and others | Ps. | 34,125,322 | ||||||||||
|
|
|
|||||||||||
| Total debt | Ps. | 707,801,403 | ||||||||||
|
|
|
|||||||||||
| Less: Short-term debt and current portion of long-term debt | 82,607,259 | |||||||||||
| Long-term debt | Ps. | 625,194,144 | ||||||||||
|
|
|
|||||||||||
|
At December 31, 2017 |
||||||||||||
|
Currency |
Loan |
Interest rate |
Maturity | Total | ||||||||
|
Senior Notes |
||||||||||||
|
U.S. dollars |
||||||||||||
| Fixed-rate Senior notes (i) | 5.000% | 2019 | Ps. | 14,840,025 | ||||||||
| Fixed-rate Senior notes (i) | 5.500% | 2019 | 7,467,145 | |||||||||
| Fixed-rate Senior notes (i) | 5.000% | 2020 | 42,043,077 | |||||||||
| Fixed-rate Senior notes (i) | 3.125% | 2022 | 31,658,720 | |||||||||
| Fixed-rate Senior notes (i) | 6.375% | 2035 | 19,417,282 | |||||||||
| Fixed-rate Senior notes (i) | 6.125% | 2037 | 7,305,744 | |||||||||
| Fixed-rate Senior notes (i) | 6.125% | 2040 | 39,573,400 | |||||||||
| Fixed-rate Senior notes (i) | 4.375% | 2042 | 22,754,705 | |||||||||
|
|
|
|||||||||||
| Subtotal U.S. dollars | Ps. | 185,060,098 | ||||||||||
|
|
|
|||||||||||
|
Mexican pesos |
||||||||||||
| Domestic Senior notes (ii) | 8.110% | 2018 | Ps. | 1,750,000 | ||||||||
| Domestic Senior notes (ii) | 8.270% | 2018 | 1,160,110 | |||||||||
| Domestic Senior notes (ii) | 8.600% | 2020 | 7,000,000 | |||||||||
| Domestic Senior notes (ii) | 0.000% | 2025 | 4,409,873 | |||||||||
| Domestic Senior notes (ii) | 8.360% | 2037 | 5,000,000 | |||||||||
| Fixed-rate Senior notes (i) | 6.000% | 2019 | 10,000,000 | |||||||||
| Fixed-rate Senior notes (i) | 6.450% | 2022 | 22,500,000 | |||||||||
| Fixed-rate Senior notes (i) | 7.125% | 2024 | 11,000,000 | |||||||||
| Fixed-rate Senior notes (i) | 8.460% | 2036 | 7,871,700 | |||||||||
|
|
|
|||||||||||
| Subtotal Mexican pesos | Ps. | 70,691,683 | ||||||||||
|
|
|
|||||||||||
|
Euros |
||||||||||||
| Fixed-rate Senior notes (i) | 1.000% | 2018 | Ps. | 14,252,360 | ||||||||
| Fixed-rate Senior notes (i) | 4.125% | 2019 | 23,753,933 | |||||||||
| Exchangeable Bonds (i) | 0.000% | 2020 | 67,504,878 | |||||||||
| Fixed-rate Senior notes (i) | 3.000% | 2021 | 23,753,933 | |||||||||
| Fixed-rate Senior notes (i) | 3.125% | 2021 | 18,727,775 | |||||||||
| Fixed-rate Senior notes (i) | 4.000% | 2022 | 19,333,685 | |||||||||
| Fixed-rate Senior notes (i) | 4.750% | 2022 | 17,815,450 | |||||||||
| Fixed-rate Senior notes (i) | 3.500% | 2023 | 7,594,262 | |||||||||
| Fixed-rate Senior notes (i) | 3.259% | 2023 | 17,815,450 | |||||||||
| Fixed-rate Senior notes (i) | 1.500% | 2024 | 20,190,843 | |||||||||
| Fixed-rate Senior notes (i) | 1.500% | 2026 | 17,815,450 | |||||||||
| Fixed-rate Senior notes (i) | 2.125% | 2028 | 15,440,057 | |||||||||
|
|
|
|||||||||||
| Subtotal Euros | Ps. | 263,998,076 | ||||||||||
|
|
|
|||||||||||
|
Pound sterling |
||||||||||||
| Fixed-rate Senior notes (i) | 5.000% | 2026 | Ps. | 13,368,884 | ||||||||
| Fixed-rate Senior notes (i) | 5.750% | 2030 | 17,379,549 | |||||||||
| Fixed-rate Senior notes (i) | 4.948% | 2033 | 8,021,330 | |||||||||
| Fixed-rate Senior notes (i) | 4.375% | 2041 | 20,053,326 | |||||||||
|
|
|
|||||||||||
| Subtotal Pound sterling | Ps. | 58,823,089 | ||||||||||
|
|
|
|||||||||||
|
Swiss francs |
||||||||||||
| Fixed-rate Senior notes (i) | 1.125% | 2018 | Ps. | 11,169,748 | ||||||||
|
|
|
|||||||||||
| Subtotal Swiss francs | Ps. | 11,169,748 | ||||||||||
|
|
|
|||||||||||
|
Brazilian reals |
||||||||||||
| Domestic Senior notes (ii) | 102.9% of CDI | 2020 | Ps. | 8,972,204 | ||||||||
| Domestic Senior notes (ii) | 102.4% of CDI | 2019 | 5,981,469 | |||||||||
| Domestic Senior notes (ii) | 103.9% of CDI | 2019 | 5,981,469 | |||||||||
|
|
|
|||||||||||
| Subtotal Brazilian reals | Ps. | 20,935,142 | ||||||||||
|
|
|
|||||||||||
|
Other currencies |
||||||||||||
|
Japanese yen |
||||||||||||
| Fixed-rate Senior notes (i) | 2.950% | 2039 | Ps. | 2,282,608 | ||||||||
|
|
|
|||||||||||
| Subtotal Japanese yen | Ps. | 2,282,608 | ||||||||||
|
|
|
|||||||||||
|
Chilean pesos |
||||||||||||
| Fixed-rate Senior notes (i) | 3.961% | 2035 | Ps. | 4,312,424 | ||||||||
|
|
|
|||||||||||
| Subtotal Chilean pesos | Ps. | 4,312,424 | ||||||||||
|
|
|
|||||||||||
| Subtotal other currencies | Ps. | 6,595,032 | ||||||||||
|
|
|
|||||||||||
|
Hybrid Notes |
||||||||||||
|
Euros |
||||||||||||
| Euro NC5 Series A Capital Securities (iv) | 5.125% | 2073 | Ps. | 21,378,540 | ||||||||
| Euro NC10 Series B Capital Securities (iv) | 6.375% | 2073 | 13,064,663 | |||||||||
|
|
|
|||||||||||
| Subtotal Euros | Ps. | 34,443,203 | ||||||||||
|
|
|
|||||||||||
|
Pound sterling |
||||||||||||
| GBP NC7 Capital Securities (iv) | 6.375% | 2073 | Ps. | 14,705,772 | ||||||||
|
|
|
|||||||||||
| Subtotal Pound sterling | Ps. | 14,705,772 | ||||||||||
|
|
|
|||||||||||
| Subtotal Hybrid Notes | Ps. | 49,148,975 | ||||||||||
|
|
|
|||||||||||
|
Lines of Credit & others |
||||||||||||
|
U.S. dollars |
||||||||||||
| Lines of credit (iii) | L + 0.020% & 1.500% -7.250% | 2018 - 2019 | Ps. | 14,474,350 | ||||||||
|
Mexican pesos |
||||||||||||
| Lines of credit (iii) | TIIE + 0.040% -TIIE + 0.175% | 2018 - 2019 | Ps. | 12,500,000 | ||||||||
|
Brazilian reals |
||||||||||||
| Lines of credit (iii) | 107.000% of CDI -TJLP + 3.500% & 3.000% -9.500% | 2018 - 2027 | Ps. | 4,389,260 | ||||||||
|
Chilean pesos |
||||||||||||
| Financial Leases | 8.700% - 8.970% | 2018 - 2027 | Ps. | 99,446 | ||||||||
|
|
|
|||||||||||
| Subtotal Lines of Credit and others | Ps. | 31,463,056 | ||||||||||
|
|
|
|||||||||||
| Total debt | Ps. | 697,884,899 | ||||||||||
|
|
|
|||||||||||
| Less: Short-term debt and current portion of long-term debt | 51,745,841 | |||||||||||
|
|
|
|||||||||||
| Long-term debt | Ps. | 646,139,058 | ||||||||||
|
|
|
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