BB&T 2013 Annual Report Download - page 116
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116
NOTE 9. Long-Term Debt
December 31,
2013 2012
(Dollars in millions)
BB&T Corporation:
3.38% Senior Notes Due 2013 $ ― $ 500
5.70% Senior Notes Due 2014 510 510
2.05% Senior Notes Due 2014 700 700
Floating Rate Senior Note Due 2014 (LIBOR-based, 0.94% at December 31, 2013) 300 300
3.95% Senior Notes Due 2016 500 500
3.20% Senior Notes Due 2016 999 999
2.15% Senior Notes Due 2017 749 748
1.60% Senior Notes Due 2017 749 749
1.45% Senior Notes Due 2018 500 499
Floating Rate Senior Notes Due 2018 (LIBOR-based, 1.10% at December 31, 2013) 400 ―
2.05% Senior Notes Due 2018 599 ―
6.85% Senior Notes Due 2019 539 539
5.20% Subordinated Notes Due 2015 933 933
4.90% Subordinated Notes Due 2017 349 345
5.25% Subordinated Notes Due 2019 586 586
3.95% Subordinated Notes Due 2022 298 298
Branch Bank:
Floating Rate Senior Note Due 2015 (LIBOR-based, 0.57% at December 31, 2013) 650 ―
1.45% Senior Notes Due 2016 750 ―
Floating Rate Senior Notes Due 2016 (LIBOR-based, 0.67% at December 31, 2013) 500 ―
1.05% Senior Notes Due 2016 499 ―
2.30% Senior Notes Due 2018 750 ―
4.88% Subordinated Notes Due 2013 ― 222
5.63% Subordinated Notes Due 2016 386 386
Floating Rate Subordinated Note Due 2016 (LIBOR-based, 0.56% at December 31, 2013) 350 350
Floating Rate Subordinated Note Due 2017 (LIBOR-based, 0.54% at December 31, 2013) 262 262
FHLB Advances to Branch Bank:
Varying maturities to 2034 8,110 8,994
Other Long-Term Debt 101 100
Fair value hedge-related basis adjustments 424 594
Total Long-Term Debt $ 21,493 $ 19,114
The subordinated notes qualify under the risk-based capital guidelines as Tier 2 supplementary capital, subject to certain
limitations. Certain of the FHLB advances have been swapped to floating rates from fixed rates or from fixed rates to floating
rates. At December 31, 2013, the weighted average rate paid on these advances including the effect of the swapped portion
was 3.79%, and the weighted average maturity was 6.6 years.