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CONSOLIDATED FINANCIAL REPORT | EXPLANATORY NOTES
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The fair value of the convertible bond (equity component and debt component) is Euro 337 million at 31
December 2015 (Euro 306 million at 31 December 2014), of which the fair value of the debt component was
Euro 287 million (Euro 264 million at 31 December 2014). In the absence of trading on the relevant market,
fair value has been determined using valuation techniques that refer to observable market data (Level 2 of
the fair value hierarchy).
In addition, during 2015 the following bond was redeemed at maturity:
Non-convertible bond issued in 2010
On 31 March 2010, Prysmian S.p.A. completed the placement of an unrated bond with institutional investors
on the Eurobond market for a total nominal amount of Euro 400 million.
The bond, with an issue price of Euro 99.674, had a 5-year term and paid a fixed annual coupon of 5.25%.
The bond settlement date was 9 April 2010. The bond was admitted to the Luxembourg Stock Exchange's
official list and was traded on the related regulated market. At 31 December 2014, the fair value of the non-
convertible bond had been Euro 410 million.
The 2010 bond was redeemed at its maturity on 9 April 2015.