1998-Paribas Annual Report - BNP Paribas

41 SUBORDINATED AND UNDATED TERM BORROWINGS
PARIBAS CONSOLIDATED STATEMENTS
The maturities of borrowings by currency, as stated in terms of issues, as of December 31, 1998, were as follows:
Issuing currency Outstanding 1999 2000 2001 2002 2003 2004 After Unin
EUR million 2008 2008 dated
Subordinated borrowings:
• French franc 501 – 152 – – – – 349 –
• Luxembourg franc 254 – 49 – – – 174 31 –
• Euro 600 – – – – – – 600 –
Sub-total zone Euro 1,355 – 201 – – – 174 980 –
• US dollar 1,212 5 4 – – – 253 756 194
• Other currencies 54 – 44 – – – 10 – –
Sub-total
Undated term borrowings
and subordinated securities:
2,621 5 249 – – – 437 1,736 194
• French franc 195 – – – – 153 3 39 –
• US dollar 171 – – – – – – 171 –
Sub-total 366 – – – – 153 3 210 –
Interest payable 49 – – – – – – – 49
Total 3,036 5 249 – – 153 440 1,946 243
At December 31, 1998, two of the Group's issues accounted for more than 10% of the total of subordinated and undated
term borrowings: USD 400 million (EUR 343 million) issued in July 1998 with a coupon of 6.95% and maturity date July
2013 and EUR 600 million issued in August 1998 with a coupon of 5.625% and maturity date August 2008.
42 SHARE CAPITAL
a) Composition of share capital
Issued Treasury Outstanding
In number of shares shares stock shares
At December 31, 1995 120,198,109 3,271,595 116,926,514
Exercise of options 179,095 – 179,095
Reinvestment of dividends 3,770,674 468,291 3,302,383
Purchase of treasury stocks – 10,959,738 (10,959,738)
At December 31, 1996 124,147,878 14,699,624 109,448,254
Exercise of options 1,079,989 – 1,079,989
Reinvestment of dividends 220,188 – 220,188
Issue of shares 40,558,235 – 40,558,235
Sale of treasury stock – (410,261) 410,261
At December 31, 1997 166,006,290 14,289,363 151,716,927
Repayment of bonds in common shares 498,092 – 498,092
Exercise of options 1,227,285 (70,018) 1,297,303
Employee share ownership plan 1,071,759 – 1,071,759
Remuneration of minority shareholders 1,642,374 – 1,642,374
Cancellation of shares (8,705,971) (8,303,565) (402,406)
Movements in treasury stock – 2,154,903 (2,154,903)
At December 31, 1998 161,739,829 8,070,683 153,669,146
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