17. financial liabilities

CHF million | 2014 | 2013 |
---|---|---|

Non-current | ||

CHF 250 million floating rate bond, 2014–2017 | 249.6 | – |

CHF 500 million 0.5% Bond, 2014–2020 | 498.9 | – |

CHF 250 million 1.0% Bond, 2014–2024 | 248.1 | – |

Loans | 1.3 | 1.0 |

Current | ||

Bank and other borrowings | 18.3 | 6.0 |

Total borrowings | 1,016.2 | 7.0 |

In September 2014 Lindt & Sprüngli Group placed bonds of CHF 1 billion in order to finance the acquisition of Russell Stover Candies, LLC. The bonds consist of the following three tranches:

- CHF 250 million floating rate bond with a term of 3 years and a floating interest rate based on 3-month CHF LIBOR plus 0.18% per annum. The interests are paid quarterly, starting January 8, 2015;
- CHF 500 million bond with a term of 6 years and a fixed coupon of 0.5% per annum. The interest payments will be due on an annual basis, starting October 8, 2015; and
- CHF 250 million bond with a term of 10 years and a fixed coupon of 1.0% per annum. The interest payments will be due on an annual basis, starting October 8, 2015.

The carrying amounts of the Group's financial liabilities are denominated in the following currencies:

CHF million | 2014 | 2013 |
---|---|---|

CHF | 996.6 | – |

EUR | 9.9 | 6.6 |

USD | 8.2 | – |

Other currencies | 1.5 | 0.4 |

Total | 1,016.2 | 7.0 |