BB&T 2015 Annual Report Download - page 129

TableofContents
The following table reflects the carrying amounts and effective interest rates for long-term debt:
 
   
   

BB&T Corporation fixed rate senior notes $ 7,831 2.35 % $ 6,669 2.39 %
BB&T Corporation floating rate senior notes 1,050 1.20 1,050 1.07
BB&T Corporation fixed rate subordinated notes 1,382 1.52 2,362 2.30
Branch Bank fixed rate senior notes 4,071 1.62 4,060 1.72
Branch Bank floating rate senior notes 375 0.92 500 0.72
Branch Bank fixed rate subordinated notes 2,562 3.13 1,299 2.86
Branch Bank floating rate subordinated notes 612 3.24 612 3.27
FHLB advances (weighted average maturity of 4.8 years at December 31, 2015) 5,732 4.02 6,641 4.03
Other long-term debt 154 119
Total long-term debt $ 23,769 $ 23,312
The effective rates above reflect the impact of cash flow and fair value hedges, as applicable. Subordinated notes with a remaining maturity of one year or
greater qualify under the risk-based capital guidelines as Tier 2 supplementary capital, subject to certain limitations.
During the second quarter of 2015, BB&T terminated FHLB advances totaling $931 million, which resulted in a pre-tax loss on early extinguishment of $172
million. During the third quarter of 2014, BB&T terminated FHLB advances totaling $1.1 billion, resulting in a pre-tax loss on early extinguishment of $122
million.
 
     

Future debt maturities (excluding capital leases) $ 5,574 $ 3,854 $ 2,324 $ 2,282 $ 2,524 $ 7,170
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Source: BB&T CORP, 10-K, February 25, 2016 Powered by Morningstar® Document Research℠
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