Debt Issuance Costs

(Decree nø 95 339, March 28, 1995)

The debt issuance costs, divided up in equal parts or in proportion to the remuneration accrued for the duration of the debt issued during this period, are deductible by binding and global option from the issuer for a period of two years (C.G.I., art. 39-1ø quater; L. fin. rectif. pour 1994, nø 94-1163, Dec. 29, 1993, art. 39).

In case of advance reimbursement of a conversion or exchange loan, the debt issuance costs which have not yet been deducted can be booked in the expenses account in proportion to the reimbursed converted or exchanged capital.

These provisions apply to debts issued during the accounting periods open as of January 1st, 1994. They do not apply to debts the reimbursement of which remains the sole initiative of the borrower.