26. Long-term financial liabilities

2020 in CHF thousand

Current + 1 year

Current + 2 years

Current + 3 years

Current + 4 years

Current + 5 years

After + 5 years

Total 2020

Long-term bank loans

3 000

6 500

9 500

Corporate bond 1)

100 000

100 000

Financial leasing liabilities

164

82

246

Total

3 164

106 582

0

0

0

0

109 746

1) unsecured bond, SIX Swiss Exchange “CPH18”, issued 12.10.2018

2019 in CHF thousand

Current + 1 year

Current + 2 years

Current + 3 years

Current + 4 years

Current + 5 years

After + 5 years

Total 2019

Long-term bank loans

6 775

3 000

6 500

16 275

Corporate bond 1)

100 000

100 000

Financial leasing liabilities

249

164

82

495

Total

7 024

3 164

106 582

0

0

0

116 770

1) unsecured bond, SIX Swiss Exchange “CPH18”, issued 12.10.2018

Financial liabilities for 2020

Instrument

Currency

Amount in currency (thousand)

Amount in CHF (thousand)

Interest rate

Duration

Covenants

Short-term financial liabilities

Bank loan

CHF

1 500

2.41 

30.06.2021

1)

Bank loan

CHF

1 500

2.41 

31.12.2021

1)

Bank loan (PPPA paycheck protection program loan SBA US)

USD

1 550

1 370

1.25 

open

Industrial bond

USD

3 900

3 448

4.44 

01.08.2021

Financial leasing liabilities

CHF

270

–

various

Total

8 088

Long-term financial liabilities

Corporate bond

CHF

100 000

2.00 

12.10.2023

Bank loan

CHF

9 500

2.41 

20.03.2023

1)

Financial leasing liabilities

CHF

246

–

various

Total

109 746

Total financial liabilities

117 834

1) Repayment in steps; debt ratio max. 2.5 (from 31.12.2019). The debt ratio is calculated as follows: total financial liabilities/EBITDA for the Packaging Division for the last 12 months. This requirement was still being met as of 31.12.2020.

The CPH Group also has an additional CHF 40 million credit facility with Swiss banks.

Financial liabilities for 2019

Instrument

Currency

Amount in currency (thousand)

Amount in CHF (thousand)

Interest rate

Duration

Covenants

Short-term financial liabilities

Bank loan

CHF

1 500

2.41 

30.06.2020

1)

Bank loan

CHF

1 500

2.41 

31.12.2020

1)

Current account credit

CHF

1 796

3.90 

unlimited

Current account credit

USD

750

726

6.76 

unlimited

Current account credit

BRL

43

10

–

unlimited

Financial leasing liabilities

CHF

357

–

various

Total

5 889

Long-term financial liabilities

Corporate bond

CHF

100 000

2.00 

12.10.2023

Industrial bond

USD

3 900

3 775

6.10 

01.08.2021

Bank loan

CHF

12 500

2.41 

20.03.2023

1)

Financial leasing liabilities

CHF

495

–

various

Total

116 770

Total financial liabilities

122 659

1) Repayment in steps; debt ratio max. 2.5 (from 31.12.2019). The debt ratio is calculated as follows: total financial liabilities/EBITDA for the Packaging Division for the last 12 months. This requirement was still being met as of 31.12.2019.