Bank Loans

9 Months Ended

Sep. 30, 2017

Bank Loans

Bank Loans

Note 9 — Bank Loans

Bank loans comprise borrowings by the Company’s majority-owned Spanish companies which are held by international banks. The weighted-average interest rate as of September 30, 2017 and 2016 was 1.9 % and 2.0%, respectively, and maturity dates range from 1 to 2 years for both periods.