RBS 2005 Annual Report Download - page 178

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Notes on the accounts
Notes on the accounts continued
28 Subordinated liabilities (continued) Company
2006 2007 2008-2010 2011-2015 thereafter perpetual Total
2005 – final redemption £m £m £m £m £m £m £m
Dated loan capital – US$ 33 — 232 1,572 202 2,039
Undated loan capital – US$ 1,244 1,244
Sterling 198 198
US$ 4,567 4,567
Euro 1,194 1,194
Preference securities 5,959 5,959
33 — 232 1,572 202 7,203 9,242
Company
Currently 2006 2007 2008 – 2010 2011– 2015 thereafter perpetual Total
2005 – call date £m £m £m £m £m £m £m £m
Dated loan capital – US$ — 33 — 232 1,572 202 — 2,039
Undated loan capital – US$ 484 24 44 — — — 692 1,244
Sterling — — — 197 — — 1 198
US$ 595 371 115 1,065 — 2,421 — 4,567
Euro —————1,194—1,194
Preference securities 595 371 115 1,262 — 3,615 1 5,959
1,079 428 159 1,494 1,572 3,817 693 9,242
Company
2005 2006 2007-2009 2010-2014 thereafter perpetual Total
2004 – final redemption £m £m £m £m £m £m £m
Sterling 40—————40
US$ — — 589 2,486 860 — 3,935
Euro — — — 875 — — 875
Dated loan capital 40 — 589 3,361 860 — 4,850
Undated loan capital – US$ —————1,0851,085
40 — 589 3,361 860 1,085 5,935
Company
Currently 2005 2006 2007– 2009 2010– 2014 thereafter Perpetual Total
2004 – call date £m £m £m £m £m £m £m £m
Sterling —40—————40
US$ — — — 589 2,486 860 — 3,935
Euro ————875——875
Dated loan capital — 40 — 589 3,361 860 — 4,850
Undated loan capital – US$ 284 44 103 — — — 654 1,085
284 84 103 589 3,361 860 654 5,935
Notes:
(1) In the event of certain changes in tax laws, dated and undated loan capital issues may be redeemed in whole, but not in part, at the option of the Group, at the principal amount
thereof plus accrued interest, subject to prior regulatory approval.
(2) At 31 December 2004 the principle amounts payable to dated and undated loan note holders would not have been materially different from the carrying amount.
(3) On 30 November 2005, the company gave notice of redemption of 8 million Exchangeble Capital Securities, Series A, of US$25 each on 31 December 2005.
This occurred on the next banking day, 3 January 2006. On 15 December 2005, NatWest gave notice of redemption of 20 million Exchangeble Capital Securities, Series A,
of US$25 each on 17 January 2006.