RBS 2007 Annual Report Download - page 175
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173
RBS Group • Annual Report and Accounts 2007
Financial statements
Dated loan capital (continued)
2007 2006
£m £m
1,150 million 4.63% subordinated notes 2009 848 —
250 million 4.70% CMS linked subordinated notes 2019 131 —
800 million 6.25% subordinated notes 2010 598 —
100 million 5.13% flip flop Bermudan callable subordinated notes 2017 (callable December 2012) 75 —
500 million floating rate Bermudan callable subordinated lower tier 2 notes 2018 (callable May 2013) 350 —
1,000 million floating rate Bermudan callable subordinated lower tier 2 notes 2016 (callable September 2011) 710 —
13 million zero coupon subordinated notes 2029 (callable June 2009) 2 —
82 million floating rate subordinated notes 2017 55 —
103 million floating rate subordinated lower tier 2 notes 2020 68 —
170 million floating rate sinkable subordinated notes 2041 184 —
15 million CMS linked floating rate subordinated lower tier 2 notes 2020 11 —
1,500 million floating rate Bermudan callable subordinated lower tier 2 notes 2015 (callable June 2010) 1,087 —
5 million floating rate Bermudan callable subordinated lower tier 2 notes 2015 (callable October 2010) 4 —
65 million floating rate Bermudan callable subordinated lower tier 2 notes 2015 (callable October 2010) 48 —
US$12 million floating rate subordinated notes 2008 6 —
US$12 million floating rate subordinated notes 2008 6 —
US$165 million 6.14% subordinated notes 2019 94 —
US$72 million 5.98% subordinated notes 2019 7 —
US$500 million 4.65% subordinated notes 2018 214 —
US$500 million floating rate Bermudan callable subordinated notes 2013 (callable September 2008) 232 —
US$1,500 million floating rate Bermudan callable subordinated notes 2015 (callable March 2010) 717 —
US$100 million floating rate Bermudan callable subordinated lower tier 2 notes 2015 (callable October 2010) 50 —
US$36 million floating rate Bermudan callable subordinated lower tier 2 notes 2015 (callable October 2010) 18 —
US$1,000 million floating rate Bermudan callable subordinated lower tier 2 notes 2017 (callable January 2012) 479 —
AUD575 million 6.50% Bermudan callable subordinated lower tier 2 notes 2018 (callable May 2013) 231 —
AUD175 million 7.46% Bermudan callable subordinated lower tier 2 notes 2018 (callable May 2013) 73 —
26 million 7.42% subordinated notes 2016 20 —
7 million 7.38% subordinated notes 2016 6 —
256 million 5.25% subordinated notes 2008 190 —
13 million floating rate subordinated notes 2008 9 —
£42 million 8.18% subordinated notes 2010 19 —
£25 million 9.18% amortising MTN subordinated lower tier 2 notes 2011 15 —
£750 million 5% Bermudan callable subordinated upper tier 2 notes 2016 642 —
US$250 million 7.75% subordinated notes 2023 127 —
US$150 million 7.13% subordinated notes 2093 76 —
US$250 million 7.00% subordinated notes 2008 127 —
US$68 million floating rate subordinated notes 2009 34 —
US$12 million floating rate subordinated notes 2009 6 —
BRL50 million floating rate subordinated notes 2013 14 —
BRL250 million floating rate subordinated notes 2013 71 —
BRL250 million floating rate subordinated notes 2014 71 —
BRL885 million floating rate subordinated notes 2014 251 —
BRL300 million floating rate subordinated notes 2014 85 —
PKR0.80 million floating rate subordinated notes 2012 6 —
MYR200 million subordinated notes 2017 30 —
TRY60 million subordinated notes 25 —
23,065 13,772
* In addition the company has issued 0.5 million subordinated loan notes of 1,000 each, 1.95 million subordinated loan notes of US$1,000 each and 0.4 million subordinated
loan notes of £1,000 each. These loan notes are included in the company balance sheet as loan capital but are reclassified as minority interest Trust Preferred Securities on
consolidation (see Note 25).
Notes:
(1) On-lent to The Royal Bank of Scotland plc on a subordinated basis.
(2) Unconditionally guaranteed by the company.
(3) In the event of certain changes in tax laws, dated loan capital issues may be redeemed in whole, but not in part, at the option of the issuer, at the principal amount thereof plus
accrued interest, subject to prior regulatory approval.
(4) Except as stated above, claims in respect of the Group’s dated loan capital are subordinated to the claims of other creditors. None of the Group’s dated loan capital is secured.
(5) Interest on all floating rate subordinated notes is calculated by reference to market rates.