RBS 2010 Annual Report Download - page 139

Long-term debt issuances
The table below shows debt securities issued by the Group with an original maturity of one year or more. The Group also executes other long-term
funding arrangements (predominately term repurchase agreements) not reflected in the tables below.
2010 2009 2008
£m £m £m
Public
- unsecured 12,887 8,386 5,166
- unsecured: guaranteed —19,663 6,334
- secured 8,041 — —
Private
- unsecured 17,450 14,895 24,172
- unsecured: guaranteed —15,459 8,151
Gross issuance 38,378 58,403 43,823
The table below shows the original maturity and currency breakdown of long-term debt securities issued in 2010.
Original maturity £m %
1-2 years 1,698 4.4
2-3 years 3,772 9.8
3-4 years 5,910 15.4
4-5 years 559 1.5
5-10 years 14,187 37.0
>10 years 12,252 31.9
38,378 100.0
Currency £m %
GBP 4,107 10.7
EUR 19,638 51.2
USD 9,760 25.4
Other 4,873 12.7
38,378 100.0
Key points
xTerm debt issuances exceeded the Group’s original plans of £20 -
£25 billion as investor appetite for both secured and unsecured
funding allowed the Group to accelerate plans to extend the maturity
profile of its wholesale funding.
xExecution was strong across G10 currencies and diversified across
the yield curve.
xThere were term issuances of £4.5 billion in January and February
2011.
137RBS Group 2010
Business review
Risk and balance sheet management