Company: AKO-B
Filing Date: 2025-03-26
Form Type: 20-F
Source: 0001410578-25-000473
Chunk: 158

Company: ANDINA BOTTLING CO INC
Filing Date: 2025-03-26
Form: 20-F
Item: Item 11
Chunk 158
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 Swiss franc (CHF$170 million of Senior Notes in the Swiss market), we have entered into currency swaps that cover 100% of our Swiss franc-denominated financial obligations, thereby mitigating our exchange rate exposure. Additionally, to protect the Company from the effects on results due to the volatility of the Chilean peso against the U.S. dollar (USD$300 million bond due 2050), derivatives have been contracted (cross currency swaps) to redenominate the US dollar-denominated financial obligations as follows: i) USD$150 million to UF’s and ii) USD$150 million to CLP.
As of December 31, 2024, the Company’s net exposure to existing assets and liabilities in foreign currencies, discounting our derivatives contracts, was Ch$15,568 million of higher foreign currency assets.