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23. Borrowings

Non-current borrowings

 

Balance sheet value

Effective interest %

Average term in years

 

As at 31-12-2021

As at 31-12-2020

As at 31-12-2021

As at 31-12-2020

As at 31-12-2021

As at 31-12-2020

Private placement

259.7

239.5

2.84

2.88

5.4

6.4

Subordinated loan

99.4

 

1.89

 

6.6

 

Total

359.1

239.5

    

Weighted average

  

2.57

2.88

5.7

6.4

The weighted average term has been calculated on the basis of the remaining terms of the individual loans.

Repayments on the above amounts are due within five years (€ 126.3 million) and after five years (€ 232.8 million).

Fair value of the main long-term loans

 

Balance sheet value as at 31-12-2021

Fair value as at 31-12-2021

Balance sheet value as at 31-12-2020

Fair value as at 31-12-2020

Private placement

259.7

259.1

239.5

249.5

Subordinated loan

99.4

99.8

  

Current borrowings

 

Balance sheet value

Effective interest %

 

As at 31-12-2021

As at 31-12-2020

As at 31-12-2021

As at 31-12-2020

Owed to credit institutions

74.7

42.4

0.73

0.73

Total

74.7

42.4

  

Weighted average

  

0.73

0.73