Tesco 2008 Annual Report Download - page 105

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Tesco PLC Annual Report and
Financial Statements 2008 103
Note 9 Borrowings
Maturity 2008 2007
Par value year £m £m
Bank loans and overdrafts – 2008 538 357
Loan from joint venture – 2008 10 10
7.5% MTN £258m 2007 –268
6% MTN £125m 2008 130 130
5.25% MTN €500m 2008 392 352
5.125% MTN £192m 2009 191 190
6.625% MTN £150m 2010 153 153
4.75% MTN €750m 2010 592 525
3.875% MTN €500m 2011 387 340
4% RPI MTN(a) £238m 2016 254 244
5.5% USD Bond $850m 2017 455 –
5.5% MTN £350m 2019 350 349
5% MTN(b) £415m 2023 417 361
3.322% LPI MTN(c) £241m 2025 255 243
6% MTN £200m 2029 194 198
5.5% MTN £200m 2033 192 197
1.982% RPI MTN(d) £204m 2036 212 206
6.15% USD Bond $1,150m 2037 604 –
5% MTN £300m 2042 305 306
5.125% MTN €600m 2047 451 –
5.2% MTN £500m 2057 499 –
Other MTNs ––178 364
6,759 4,793
(a) The 4% RPI MTNs is redeemable at par, indexed for increases in the Retail Price Index (RPI) over the life of the MTN.
(b) An additional bond issue increased the principal of this MTN from £350m to £415m during the year.
(c) The 3.322% LPI MTN is redeemable at par, indexed for increases in the Retail Price Index over the life of the MTN. The maximum indexation of the principal in any one year is 5%, with a minimum of 0%.
(d) The 1.982% RPI MTN is redeemable at par, indexed for increases in the RPI over the life of the MTN.
2008 2007
£m £m
Repayment analysis:
Amounts falling due within one year 1,114 823
1,114 823
Amounts falling due after more than one year:
Amounts falling due between one and two years 277 524
Amounts falling due between two and five years 1,166 1,327
Amounts falling due after more than five years 4,202 2,119
5,645 3,970
6,759 4,793