RBS 2010 Annual Report Download - page 356

27 Subordinated liabilities continued
Undated loan capital
2010 2009 2008
£m £m £m
The company
US$106 million (2009 - US$163 million; 2008 - US$350 million) undated floating rate primary capital
notes (callable on any interest payment date) (1,2) 69 101 240
US$762 million (2009 - US$762 million; 2008 - US$1,200 million) 7.648% perpetual regulatory tier one
securities (callable September 2031) (1,3,4) 494 473 831
563 574 1,071
The Royal Bank of Scotland plc
£31 million (2009 - £96 million; 2008 - £175 million) 7.375% undated subordinated notes
(callable August 2011) (1,2) 31 101 190
£51 million (2009 - £117 million; 2008 - £350 million) 6.25% undated subordinated notes
(callable December 2012) (1,2) 55 126 380
£56 million (2009 - £138 million; 2008 - £500 million) 6% undated subordinated notes
(callable September 2014) (1,2) 61 143 565
€176 million (2009 - €197 million; 2008 - €500 million) 5.125% undated subordinated notes
(callable July 2014) (1,2) 166 194 516
€170 million (2009 - €243 million; 2008 - €1,000 million) floating rate undated subordinated notes
(callable July 2014) (1,2) 145 214 966
£54 million (2009 - £178 million; 2008 - £500 million) 5.125% undated subordinated notes
(callable March 2016) (1,2) 58 189 556
£200 million 5.125% subordinated upper tier 2 notes (redeemed May 2010) —210 210
£35 million (2009 - £260 million; 2008 - £600 million) 5.5% undated subordinated notes
(callable December 2019) (1,2) 35 272 677
£21 million (2009 - £174 million; 2008 - £500 million) 6.2% undated subordinated notes
(callable March 2022) (1,2) 43 206 614
£103 million (2009 - £145 million; 2008 - £200 million) 9.5% undated subordinated bonds
(callable August 2018) (1,2,5) 130 176 253
£400 million 5.625% subordinated upper tier 2 notes —— 397
£22 million (2009 - £83 million; 2008 - £300 million) 5.625% undated subordinated notes
callable September 2026) (1,2) 21 90 431
£19 million (2009 - £201 million; 2008 - £500 million) 5.625% undated subordinated notes
(callable June 2032) (1,2) 20 199 508
£1 million (2009 - £190 million; 2008 - £400 million) 5% undated subordinated notes
(callable March 2011) (1,2) 2197 424
JPY25 billion 2.605% undated subordinated notes (redeemed May 2010) —173 217
CAD474 million (2009 and 2008 - CAD700 million) 5.37% fixed rate undated subordinated notes
(callable May 2016) (2) 340 452 464
National Westminster Bank Plc
US$193 million (2009 - US$332 million; 2008 - US$500 million) primary capital floating rate notes,
Series A (callable on any interest payment date) (1,2) 124 205 343
US$229 million (2009 - US$293 million; 2008 - US$500 million) primary capital floating rate notes,
Series B (callable on any interest payment date) (1,2) 148 182 347
US$285 million (2009 - US$312 million; 2008 - US$500 million) primary capital floating rate notes,
Series C (callable on any interest payment date) (1,2) 184 192 346
€178 million (2009 and 2008 - €400 million) 6.625% fixed/floating rate undated subordinated notes
(callable on any interest payment date) (2) 154 358 388
€10 million (2009 and 2008 - €100 million) floating rate undated step-up notes
(callable on any interest payment date) (2) 990 97
£87 million (2009 - £162 million; 2008 - £325 million) floating undated subordinated step-up notes
(callable January 2015) (1,2) 89 174 363
£53 million (2009 - £127 million; 2008 - £200 million) 7.125% undated subordinated step-up notes
(callable October 2022) (1,2) 54 127 201
£35 million (2009 - £55 million; 2008 - £200 million) 11.5% undated subordinated notes
(callable December 2022) (1,2,6) 42 79 269
RBS Group 2010354
Notes on the accounts continued