Tesco 2013 Annual Report Download - page 107

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103
Tesco PLC Annual Report and Financial Statements 2013
OVERVIEW BUSINESS REVIEW PERFORMANCE REVIEW GOVERNANCE FINANCIAL STATEMENTS
Note 20 Borrowings
Current
Par value
Maturity
year
2013
£m
2012
£m
Bank loans and overdrafts – – 730 399
Loan from joint ventures (Note 28) – – 16 16
5.625% MTN €1,500m 2012 –1,304
Other MTNs – – 14 87
Finance leases (Note 34) – – 6 32
766 1,838
Non-current
Par value
Maturity
year
2013
£m
2012
£m
5% MTN £600m 2014 642 619
2% USD Bond $500m 2014 328 317
5.125% MTN €600m 2015 566 526
4% RPI MTN*£290m 2016 295 288
5.875% MTN €1,039m 2016 1,071 1,042
2.7% USD Bond $500m 2017 328 318
5.5% USD Bond $850m 2017 674 659
5.2% Tesco Bank Retail Bond £125m 2018 141 138
3.375% MTN €750m 2018 653 638
5.5% MTN £350m 2019 352 352
1% RPI Tesco Bank Retail Bond** £60m 2019 60 59
5% Tesco Bank Retail Bond £200m 2020 206 –
6.125% MTN £900m 2022 948 892
5% MTN £389m 2023 404 401
3.322% LPI MTN†£296m 2025 299 290
6% MTN £200m 2029 255 251
5.5% MTN £200m 2033 251 249
1.982% RPI MTN±£247m 2036 248 242
6.15% USD Bond $1,150m 2037 911 897
4.875% MTN £173m 2042 174 174
5.125% MTN €600m 2047 641 635
5.2% MTN £279m 2057 274 274
Other MTNs – – 146 162
Other loans – – 79 354
Finance leases (Note 34) – – 122 134
10,068 9,911
* The 4% RPI MTN is redeemable at par, including indexation for increases in the Retail Price Index (‘RPI’) over the life of the MTN.
** The 1% RPI Tesco Bank Retail Bond is redeemable at par, including indexation for increases in the RPI over the life of the Bond.
† The 3.322% Limited Price Inflation (‘LPI’) MTN is redeemable at par, including indexation for increases in the RPI over the life of the MTN. The maximum indexation of the principal
in any one year is 5%, with a minimum of 0%.
± The 1.982% RPI MTN is redeemable at par, including indexation for increases in the RPI over the life of the MTN.
Borrowing facilities
The Group has the following undrawn committed facilities available at 23 February 2013, in respect of which all conditions precedent had been met
as at that date:
2013
£m
2012
£m
Expiring between one and two years 1,600 –
Expiring in more than two years 1,225 2,825
2,825 2,825
All facilities incur commitment fees at market rates and would provide funding at floating rates.