FINANCIAL STATEMENTS 3Consolidated financial statements as of December 31, 2017 In €m 12/31/2017 12/31/2016 Non-current Bonds net costs/premiums 5,952.3 5,196.6 > of which revaluation due to fair value hedge 28.8 41.9 Loans and borrowings from credit institutions – more than one year 1,240.2 1,289.2 (a) 60.4 94.7 Fair value adjustment of debt Other loans and borrowings 115.4 165.1 > Advance payments to the Group and associates 107.9 106.9 > Leasehold (finance lease) 58.2 > Other Loan 7.5 TOTAL NON-CURRENT FINANCIAL LIABILITIES 7,368.2 6,745.6 Current Bonds net costs/premiums 331.9 894.7 > of which revaluation due to fair value hedge 4.9 Loans and borrowings from credit institutions – less than one year 76.9 130.6 Accrued interest 95.1 108.3 > on bonds 87.2 100.7 > on loans from credit institutions 6.1 5.5 > on advance payments to the Group and associates 1.8 2.1 Commercial paper 1,711.6 1,420.5 Other loans and borrowings 1.6 8.0 > Advance payments to the Group and associates 1.6 8.0 TOTAL CURRENT FINANCIAL LIABILITIES 2,217.2 2,562.1 TOTAL NON-CURRENT AND CURRENT FINANCIAL LIABILITIES 9,585.4 9,307.7 (a) Corresponds to the remaining amount of the market value adjustment of Corio’s debt recorded at the acquisition date. 5.11.2 Principal sources of financing In December 2017, Klépierre issued €500 million worth of new 15 year notes. The coupon was set at 1.625%. The proceeds of the issuance The Group’s main financial resources are detailed in the table below. covered the refinancing of the bond maturing in January 2018 for During 2017, Klépierre redeemed two bonds at maturity in April and €291 million. June respectively for €615 million and €50 million. These financings Simultaneously, Klépierre repurchased three existing notes which were replaced by a new long-term bond (€600 million). matured respectively in September 2019, February 2021 and March 2021 for a total amount of €97 million. 96 KLÉPIERRE 2017 REGISTRATION DOCUMENT