Landeskreditbank Baden-Württemberg - L-Bank

DEBT RECORD
Since its formation in 1952, Baden-Württemberg has always paid promptly when due the full amount of the
principal of and interest on its indebtedness.
Debt
Direct Debt of Baden-Württemberg as of December 31, 2004(1)
Interest rate
(%)
Date of
issue Maturity
(in millions of EUR)
Principal
Amount
Outstanding
Bonds and Government bonds ...................................
(1.) 6.20% of 1993 ............................................. 6.20 1993 2013 255.6
(2.) 6.50% of 1993 ............................................. 6.50 1993 2024 43.5
(3.) 6.50% of 1995 ............................................. 6.50 1995 2005 255.6
(4.) 6.00% of 1996 ............................................. 6.00 1996 2006 255.6
(5.) 6.50% of 1996 ............................................. 6.50 1996 2006 255.6
(6.) 6.50% of 1996 ............................................. 6.50 1996 2006 255.6
(7.) 6.25/7.75% of 1996 ......................................... 6.25/7.75 1996 2026 127.8
(8.) 6.125% of 1996 ............................................ 6.125 1996 2006 306.8
(9.) 6.00/7.625% of 1996 ........................................ 6.00/7.625 1996 2027 153.4
(10.) 6.75% of 1996 ............................................ 6.75 1996 2026 51.1
(11.) 5.75% of 1998 ............................................ 5.75 1998 2028 511.3
(12.) 4.75% of 1998 ............................................ 4.75 1998 2008 383.5
(13.) 5.50% of 2000 ............................................ 5.50 2000 2008 50.0
(14.) 6.90% of 2000 (HKD500 million) (2) ........................... 6.90 2000 2005 75.0
(15.) 2.03% of 2001 (JPY3.0 billion) (3) ............................. 2.03 2001 2016 27.3
(16.) 3-M-GBPLibor–0.205% of 2002 (100 Mio.GBP) (4) ............... 3-M-GBP
Libor-0.205% 2002 2005 161.3
(17.) 4.50% of 2002 ............................................ 4.50 2002 2005 750.0
(18.) 4.75% of 2002 ............................................ 4.75 2002 2008 500.0
(19.) 4.78% of 2002 ............................................ 4.78 2002 2008 100.0
(20.) 2.75% of 2002 (600 Mio CHF) (5) .............................. 2.75 2002 2007 408.9
(21.) 3.25% of 2003 ............................................ 3.25 2003 2008 1,500.0
(22.) 3.50% of 2003 ............................................ 3.50 2003 2010 1,000.0
(23.) 3.38% of 2004 ............................................ 3.38 2004 2009 1,250.0
Total bonds and government bonds .............................. 8,678.1 (6)
Other borrowings (7) ............................................. 28,875.6 (6)
Baden-Württemberg’s total direct debt (1) ......................... 37,553.6 (6)
(1) Does not include liabilities to the public sector.
(2) This debt is carried at a value of EUR 75 million, which expresses a notional Euro/Hong Kong dollar
exchange rate of EUR 1.00 = HKD 6.66667.
(3) This debt is carried at a value of EUR 27.3 million, which expresses a notional Euro/Japanese yen exchange
rate of EUR 1.00 = JPY109.89011.
(4) This debt is carried at a value of EUR 161.3 million, which expresses a notional Euro/pound Sterling
exchange rate of EUR 1.00 = GBP0.61996.
(5) This debt is carried at a value of EUR 408.9 million, which expresses a notional Euro/Swiss Francs
exchange rate of EUR 1.00 = CHF1.46735.
(6) The total shown here is the rounded exact amount.
(7) Medium- and long-term loans evidenced by promissory notes placed with investors (Schuldscheindarlehen)
and credit line agreements with a remaining term of up to approximately 35 years (2038). The following
table presents a maturity break down of these borrowings:
60