Landeskreditbank Baden-WÃ¼rttemberg - L-Bank

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Debt of L-Bank at December 31, 2004 SUPPLEMENTARY INFORMATION ON DEBT OF L-BANK Year of incurrence Maturity Principal amount outstanding (in millions of EUR) 1. Bonds and Notes issued a) Bonds (1) ......................................... 1994-1998 2005-2008 442.4 b) Notes (2) ......................................... 1999-2004 2005-2043 17,668.7 18,111.1 2. Liabilities (3) a) Liabilities to credit institutions (4) ..................... 1952-2004 2005-2043 18,295.7 b) Liabilities to customers (5) ........................... 1957-2004 2005-2051 2,691.3 c) Borrowings from the Federal Republic of Germany (6) ..... 0 d) Borrowings from the State of Baden-Württemberg (6) ..... 1953-2004 2005-2008 2,139.8 e) Borrowings from the State of Saxony ................. 1993 2099 1.1 23,128.0 3. Subordinated Liabilities a) Bonds and Notes (7) ................................ 1999-2004 2009-2016 320.9 b) Others (8) ........................................ 1999-2004 2008-2024 591.4 912.3 4. Profit participation rights a) Bonds and Notes .................................. 2004 2015 102.5 b) Others .......................................... 2004 2015-2025 417.3 519.8 Total debt outstanding (9) .............................. 42,671.2 (1) This item consists of mortgage-backed bonds (Hypothekenpfandbriefe). (2) This item consists of other bonds and notes. See “L-Bank—Business—Source of Funds.” (3) Liabilities include liabilities with an original maturity or non-prepayment period of less than four years, as well as those with an original maturity or non-prepayment period of four years or longer. (4) Liabilities to credit institutions include mortgage-backed bonds and public debt-backed bonds issued by L- Bank and other liabilities of L-Bank. (5) Liabilities to customers (i.e. non-credit institutions) include mortgage-backed bonds and public debt-backed bonds issued by L-Bank and other liabilities of L-Bank except liabilities to Germany, Baden-Württemberg and the state of Saxony. (6) The dates of maturity of borrowings from Baden-Württemberg or Germany match the dates of maturity of loans made by L-Bank with such funds in connection with subsidized loan programs. (7) Includes Bonds and Notes in foreign currencies. (8) Includes other borrowings in foreign currencies and medium and long-term loans evidenced by promissory notes placed with investors (Schuldscheindarlehen). (9) Includes the following debt in foreign currencies: F-72
Amount Currency (currency in millions) U.S. Dollar ................................................................. 5,109.9 Australian Dollar ............................................................ 742.8 Canadian Dollar ............................................................. 109.6 Swiss Franc ................................................................ 761.5 Danish Kroner .............................................................. 0.2 British Pound ............................................................... 0.5 Japanese Yen ............................................................... 21,876.9 Norwegian Kroner ........................................................... 0.0 New Zealand Dollar .......................................................... 45.0 Polish Zloty ................................................................ 147.3 Swedish Kroner ............................................................. 0.0 Repayment Schedule for Debt of L-Bank Outstanding at December 31, 2004 (in millions of EUR) 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016-2024 Bonds and Notes Principal ..... 5,582 1,655 2,381 3,389 2,629 1,170 23 30 150 185 102 508 Interest ...... 639 452 377 315 201 107 46 46 50 42 32 204 Other liabilities Principal ..... 3,277 1,408 1,005 2,537 3,743 812 1,103 527 651 2,358 171 1,227 Interest ...... 876 790 711 661 499 296 261 209 191 162 72 364 Total 10,374 4,305 4,474 6,902 7,072 2,385 1,432 811 1,042 2,748 377 2,303 (1) Certain outstanding debt of L-Bank matures after 20 years. Repayments thereof scheduled after 2024 are not included in this table. (2) Floating rate interest is calculated on the basis of the most recent interest rate adjustment made before December 31, 2004. (3) The repayment schedule with respect to borrowings by L-Bank from Germany and Baden-Württemberg includes only the minimum required amortization since the terms of such borrowings provide for repayment by L-Bank generally at the time that L-Bank has been repaid by the ultimate recipient of such funds under the relevant public support programs. Other liabilities include liabilities to credit institutions and liabilities to customers (excluding loans granted with funds provided by the federal or state governments or by Kreditanstalt für Wiederaufbau), subordinated liabilities and profit participation capital. F-73
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INTERNATIONAL PROSPECTUS SUPPLEMENT
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ISSUER Landeskreditbank Baden-Würt
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TABLE OF CONTENTS Use of Proceeds .
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EXCHANGE RATE INFORMATION The follo
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Maturity, Repurchase Maturity. The
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the rules of such stock exchange pe
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THE CLEARING SYSTEMS DTC DTC is a l
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Cross-market transfers between pers
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For the purposes of this provision,
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These activities by the managers or
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You should rely only on the informa
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PROSPECTUS SUMMARY The following su
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APPLICATION OF PROCEEDS As may be m
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(4) Loans to customers (i.e., non-c
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transferred to independent subsidia
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Our housing-related activities are
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(1) Holdings in companies for strat
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Loan Portfolio Risks We maintain a
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securities portfolio. In accordance
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The following table shows our borro
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authorized limits. A daily risk and
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MANAGEMENT INFORMATION Introduction
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credit institutions increased by 10
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To control the risks of unhedged po
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RECENT DEVELOPMENTS Development of
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MANAGEMENT Board of Management Our
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Wirtsch.-Ing. Bernd Bechtold Presid
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REGULATION AND SUPERVISION OF L-BAN
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non-banking corporations if the use
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Covering Market Risk Positions Mark
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ank, and the aggregate nominal valu
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may at any time change the reserve
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The Entschädigungseinrichtung GmbH
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ECONOMY General Germany The economy
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Industrial Structure General Positi
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The following table shows the amoun
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The Euro-zone follows a mutual mone
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Revenue Equalization While the Germ
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For more detailed information regar
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Outstanding Principal Maturity Amou
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DESCRIPTION OF THE DEBT SECURITIES
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(iv) a waiver by the holders of the
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CURRENCY CONVERSION RATES The follo
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TAXATION UNITED STATES FEDERAL INCO
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number of complete years to maturit
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will equal such U.S. Holder’s ini
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using the constant yield method des
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We have included the federal income
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Capital gains resulting from the di
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SUMMARY OF CERTAIN DIFFERENCES BETW
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The credit risk of the loan and sec
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Under U.S. GAAP, repurchased debt s
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LIMITATIONS ON ACTIONS AGAINST THE
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GLOSSARY This glossary describes ce
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Administrative loans, which are loa
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Depreciation and accumulated amorti
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Landeskreditbank Baden-Württemberg
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Balance sheet as at December 31, 20
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Statement of income for the period
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Notes to the annual financial state
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Authorities of Landeskreditbank Bad
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Page 144 and 145: Notes to the annual financial state
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Page 186: Debt Securities
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Landeskreditbank Baden-WÃ¼rttemberg - L-Bank

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