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Convertible bond / Financing

Convertible bond


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As of September 30, 2021, our funding structure was composed of the following elements:

  • Convertible bond of € 150 million with a sustainability component, coupon of 0.75%, initial conversion price of € 34.22 (40% premium) (maturing in January 2026)
  • Syndicated loan of € 750 million with a sustainability component, including € 500 million as a credit facility and € 250 million as a guarantee facility (expiring July 2026)
  • Four Schuldschein loans of a combined total of € 665 million, most of them with a sustainability component (different terms, the last one expiring in 2031)
  • Lease liabilities of € 101.5 million (as of September 30, 2021)
  • Bilateral cash credit facilities of € 33.0 million (as of September 30, 2021)

Financial liabilities

€ million 2020 2019 2018 2017  2016 2015 2014 2013
Bonds and bonded loan 951.9 798.2 598.0 597.3 596.6 296.9 296.4 225.2
Liabilities to banks 0.0 0.4 1.0 1.9 35.5 43.2 118.4 41.9
Leasing liabilities1 98.4 107.1 7.2 5.8 8.5 10.8 11.7 4.0
Other financial liabilities 7.1 7.3 7.8 8.3 13.9 0.0 0.0 0.0
Accrued interests 10.6 10.1 9.3 9.4 0.0 0.0 0.0 0.0
Total 1,068.0 923.1 623.3 622.6 654.5 350.9 426.5 271.1
of which due within one year 394.2 38.0 12.5 12.4 5.3 6.8 17.1 2.5
1 From 2019 onwards also including operating leases.

Maturity structure of financial liabilities in € m

(As of September 30, 2021)

Credit facilities unutilized: €500 m maturing in 2024
Other financial liabilities (incl. real estate linked financing Teamtechnik) not included

Overview in € billion

(As of September 30, 2021)

Without leasing liabilities or accrued interest

Credit and guarantee lines

€ million 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015 12/31/2014
Combined value 1,601.2 1,474.9 1,072.1 963.6 1,026.5 1,034.9 1,111.2
Drawdown (guarantees) 473.1 476.7 317.3 300.6 345.0 359.9 495.7


There are no current corporate or bond ratings to assess our credit status. Dürr regularly publishes comprehensive key figures and a detailed outlook, thus ensuring a high level of visibility. The added value created by additional ratings is considered low, also given the costs involved.