2006 Interim Report－A Share.pdf - 中国银行

Notes to the Condensed Financial Statements
For the six month period ended 30 June 2006
(Amount in millions of Renminbi, unless otherwise stated)
11. Special purpose borrowings
30 June 2006 31 December 2005
Export credit loans 15,826 17,147
Foreign government loans 18,076 18,414
Other subsidised loans 15,720 16,603
Total 49,622 52,164
Special purpose borrowings are long-term borrowings from foreign governments and/or banks in the form of export
credit loans, foreign government loans and other subsidised loans. These special purpose loans are normally used to
finance projects with special commercial purposes in PRC and the Bank is obliged to repay these loans when they fall
due.
As at 30 June 2006, the maturity of special purpose borrowings ranges from within 1 month to 37 years, with floating
& fixed interest rates range from 0.2% to 9.2%, which are consistent with those related to similar development loans
from these entities.
12. Bonds issued
Issue date Maturity date Interest rate(%) 30 June 2006 31December 2005
Bonds issued (1)
1994 BOC US Dollar
Debt Securities
Subordinated bonds issued (2)
2004 BOC RMB Debt Securities
First Tranche
10 March 1994
7 July 2004
15 March 2014
20 July 2014
8.25
4.87
177
14,070
179
14,070
Second Tranche 22 October 2004 16 November 2014 4.94 12,000 12,000
2005 BOC RMB Debt Securities
First Tranche 18 February 2005 4 March 2015 4.83 15,930 15,930
Second Tranche
(fixed rate)
18 February 2005 4 March 2020 5.18 9,000 9,000
Second Tranche
18 February 2005 4 March 2015 floating rate 9,000 9,000
(floating rate)
Sub-total 60,000 60,000
Total 60,177 60,179
(1) The Bank and the bond holders are prohibited from redeeming or requesting an early redemption of these bonds
before the maturity dates.
(2) These RMB subordinated bonds are subordinated to all other claims on the assets of the Bank, except for those of the
shareholders. In the calculation of the Group's capital adequacy ratio, these bonds qualify for inclusion as supplementary
capital.
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