RBS 2003 Annual Report Download - page 166

164
Notes on the accounts continued
Notes on the accounts
30 Dated loan capital
2003 2002
£m £m
The company
£200 million floating rate (minimum 5.25%) notes 2005 (1,2) 80 120
US$400 million 6.4% subordinated notes 2009 (1) 223 247
US$300 million 6.375% subordinated notes 2011 (1) 166 184
US$750 million 5% subordinated notes 2013 (issued November 2003) (3) 416 —
US$750 million 5% subordinated notes 2014 (1) 417 461
US$250 million 5% subordinated notes 2014 (1) 137 151
US$350 million 4.7% subordinated notes 2018 (issued July 2003) (1,4) 195 —
1,634* 1,163*
The Royal Bank of Scotland plc
£125 million subordinated floating rate notes 2005 (5) 125 125
£150 million 8.375% subordinated notes 2007 149 149
DEM500 million (redesignated 255 million) 5.25% subordinated notes 2008 180 165
300 million 4.875% subordinated notes 2009 211 194
US$150 million floating rate notes 2009 (5) 84 93
£35 million floating rate step-up subordinated notes 2010 35 35
US$350 million floating rate subordinated notes 2012 196 217
130 million floating rate subordinated notes 2012 92 85
US$500 million floating rate subordinated notes 2012 280 310
£150 million 10.5% subordinated bonds 2013 (6) 149 149
1,000 million 6.0% fixed rate subordinated notes 2013 700 644
500 million 6.0% fixed rate subordinated notes 2013 362 334
US$50 million floating rate subordinated notes 2013 28 31
1,000 million floating rate subordinated notes 2013 (issued October 2003; callable October 2008) (7) 705 —
£250 million 9.625% subordinated bonds 2015 248 247
750 million 4.875% subordinated notes 2015 (issued April 2003) (8) 529 —
500 million 4.5% subordinated notes 2016 (issued December 2003; callable January 2011) (9) 351 —
100 million floating rate subordinated notes 2017 70 65
US$125.6 million floating rate subordinated notes 2020 70 78
RBSG Capital Corporation
US$250 million 10.125% guaranteed capital notes 2004 (1,6) 140 155
National Westminster Bank Plc
US$500 million 9.375% guaranteed capital notes 2003 (10) —315
£100 million 12.5% subordinated unsecured loan stock 2004 104 108
US$400 million guaranteed floating rate capital notes 2005 223 246
US$1,000 million 7.375% fixed rate subordinated notes 2009 553 611
US$650 million floating rate subordinated step-up notes 2009 (callable October 2004) 366 404
600 million 6.0% subordinated notes 2010 419 386
£300 million 8.125% step-up subordinated notes 2011 (callable December 2006) 303 305
500 million 5.125% subordinated notes 2011 341 309
£300 million 7.875% subordinated notes 2015 309 316
£300 million 6.5% subordinated notes 2021 297 298
Greenwich Capital Holdings, Inc.
US$105 million subordinated loan capital 2004 floating rate notes 59 65
9,312 7,602
Dated loan capital in issue, by remaining maturity is repayable as follows:
– in one year or less 709 355
– in two years or less but over one year 388 772
– in five years or less but over two years 1,337 865
– in more than five years 6,878 5,610
9,312 7,602
* In addition, the company issued 1.25 million subordinated loan notes of 1,000 each in June 2002, 750,000 subordinated loan notes
of US$1,000 each in December 2002, 850,000 subordinated loan notes of US$1,000 each in May 2003 and 650,000 subordinated
loan notes of US$1,000 each in December 2003 to subsidiaries of the Group. These loan notes are included in the company balance
sheet within loan capital but are reclassified as non-equity minority interests on consolidation (see Note 32).