kimco realty corporation and subsidiaries notes to consolidated financial statements , continued as of december 31 , 2009 , the company had the following outstanding interest rate derivatives that were designated as cash flow hedges of interest rate risk : interest rate derivates number of instruments notional .
[['interest rate derivates', 'number of instruments', 'notional'], ['interest rate caps', '2', '$ 83.1 million'], ['interest rate swaps', '2', '$ 23.6 million']]
the fair value of these derivative financial instruments classified as asset derivatives was $ 0.4 million and $ 0 for december 31 , 2009 and 2008 , respectively .the fair value of these derivative financial instruments classified as liability derivatives was $ ( 0.5 ) million and $ ( 0.8 ) million for december 31 , 2009 and 2008 , respectively .credit-risk-related contingent features the company has agreements with one of its derivative counterparties that contain a provision where if the company defaults on any of its indebtedness , including default where repayment of the indebtedness has not been accelerated by the lender , then the company could also be declared in default on its derivative obligations .the company has an agreement with a derivative counterparty that incorporates the loan covenant provisions of the company 2019s indebtedness with a lender affiliate of the derivative counterparty .failure to comply with the loan covenant provisions would result in the company being in default on any derivative instrument obligations covered by the agreement .18 .preferred stock , common stock and convertible unit transactions : during december 2009 , the company completed a primary public stock offering of 28750000 shares of the company 2019s common stock .the net proceeds from this sale of common stock , totaling approximately $ 345.1 million ( after related transaction costs of $ 0.75 million ) were used to partially repay the outstanding balance under the company 2019s u.s .revolving credit facility .during april 2009 , the company completed a primary public stock offering of 105225000 shares of the company 2019s common stock .the net proceeds from this sale of common stock , totaling approximately $ 717.3 million ( after related transaction costs of $ 0.7 million ) were used to partially repay the outstanding balance under the company 2019s u.s .revolving credit facility and for general corporate purposes .during september 2008 , the company completed a primary public stock offering of 11500000 shares of the company 2019s common stock .the net proceeds from this sale of common stock , totaling approximately $ 409.4 million ( after related transaction costs of $ 0.6 million ) were used to partially repay the outstanding balance under the company 2019s u.s .revolving credit facility .during october 2007 , the company issued 18400000 depositary shares ( the 201cclass g depositary shares 201d ) , after the exercise of an over-allotment option , each representing a one-hundredth fractional interest in a share of the company 2019s 7.75% ( 7.75 % ) class g cumulative redeemable preferred stock , par value $ 1.00 per share ( the 201cclass g preferred stock 201d ) .dividends on the class g depositary shares are cumulative and payable quarterly in arrears at the rate of 7.75% ( 7.75 % ) per annum based on the $ 25.00 per share initial offering price , or $ 1.9375 per annum .the class g depositary shares are redeemable , in whole or part , for cash on or after october 10 , 2012 , at the option of the company , at a redemption price of $ 25.00 per depositary share , plus any accrued and unpaid dividends thereon .the class g depositary shares are not convertible or exchangeable for any other property or securities of the company .the class g preferred stock ( represented by the class g depositary shares outstanding ) ranks pari passu with the company 2019s class f preferred stock as to voting rights , priority for receiving dividends and liquidation preference as set forth below .during june 2003 , the company issued 7000000 depositary shares ( the 201cclass f depositary shares 201d ) , each such class f depositary share representing a one-tenth fractional interest of a share of the company 2019s 6.65% ( 6.65 % ) class f cumulative redeemable preferred stock , par value $ 1.00 per share ( the 201cclass f preferred stock 201d ) .dividends on the class f depositary shares are cumulative and payable quarterly in arrears at the rate of 6.65% ( 6.65 % ) per annum based on the .

Question: in 2009 what was the ratio of the interest rate caps to swaps
Answer: 3.52