Landeskreditbank Baden-Württemberg - L-Bank

Outstanding
Principal
Maturity
Amount
(in millions of EUR)
2005 ....................................................................... 3,836.2
2006 ....................................................................... 2,834.3
2007 ....................................................................... 4,030.1
2008 ....................................................................... 2,455.8
2009 ....................................................................... 1,704.0
>2009 ...................................................................... 14,015.2
Total ....................................................................... 28,875.6
Source: State Ministry of Finance, Department 2, Team 26.
Internal Guaranteed Debt as of December 31, 2004, 2003, 2002 and 2001
2004 2003 2002 2001
(in millions of EUR)
1. Suretyships (1) .........................................
(a) Economic development ............................. 50.3 50.3 42.4 46.6
(b) Housing ......................................... 204.1 204.1 204.1 204.1
(c) Public Enterprises ................................. 10,117.6 10,143.2 9,990.0 9,705.4
(d) Charitable and educational institutions and other
purposes .......................................... 10.9 10.9 10.9 10.9
2. Guaranties (2) and other credit support ....................
(a) Economic development ............................. 10.2 10.2 15.3 15.3
(b) Contingent liabilities under the Nuclear Energy Law
(Atomgesetz) ...................................... 52.3 52.4 52.3 50.3
(c) Other ........................................... 6.1 6.1 6.1 6.1
3. Suretyships for Sureties (3) and Guaranties for Guarantors (4)
for the benefit of Bürgschaftsbank Baden-Württemberg
GmbH ............................................... 418.1 418.1 398.4 398.4
Total (5) ................................................. 10,869.6 10,895.3 10,719.5 10,437.1
(1) Surety (Bürgschaft) by the State for the performance of the obligations of another (Administrative Rule No.
1 to Section 39 of the Budgeting Principles Act of Baden-Württemberg (Landeshaushaltsordnung) in
connection with Sections 765 et seq. of the German Civil Code (Bürgerliches Gesetzbuch — BGB)).
(2) Agreements, independent of the underlying agreement, by which the state secures a monetary interest of the
recipient of the guaranty by agreeing to assume the responsibility for the occurrence of a specific event, in
particular to assume, in whole or in part, the risk of a future contingent loss (Administration Rule No. 2 to
Section 39 of the Budgeting Principles Act of Baden-Württemberg).
(3) A suretyship for a surety (Rückbürgschaft) is a suretyship within the meaning of Sections 765 et seq. BGB
that is given by the State in favor of a surety by which the State promises to reimburse the surety, in whole
or in part, for payments made by the surety under his suretyship.
(4) A guaranty for a guarantor (Rückgarantie) is a guaranty, being an agreement independent of the underlying
agreement, that is given by the State in favor of a guarantor by which the State promises to reimburse the
guarantor, in whole or in part, for payments made by the guarantor under his guaranty.
(5) In addition to the contingent liabilities arising from Bürgschaften, Garantien, and other warranties shown in
the table above, Baden-Württemberg is currently liable under existing support mechanisms, such as
maintenance obligation (Anstaltslast), explicit guaranty or guaranty obligation (Gewährträgerhaftung) with
respect to liabilities of certain state-owned entities organized under public law.
Source: State Ministry of Finance Baden-Württemberg, Department 5, Team 54.
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