2012 Registration document and annual financial report - BNP Paribas

CONSOLIDATED FINANCIAL STATEMENTS - YEAR ENDED 31 DECEMBER 2012Notes to the financial statements4➤ DEBT SECURITIES MEASURED AT AMORTISED COSTIssuer/Issue dateIn millions of eurosCurrencyOriginalamountin foreigncurrency(in millions)Date of callor intereststep-upInterest rateIntereststep-upSubordinationranking (1)Conditionsprecedentfor coupon 31 December 31 Decemberpayment (3)20122011Debt securities 173,198 157,786Debt securities in issue with an initial maturity less than one year 1 83,591 71,213Negotiable debt securities 83,591 71,213Debt securities in issue with an initial maturity of more than one year 1 89,607 86,573Negotiable debt securities 72,294 63,758Bonds 17,313 22,815Subordinated debt 15,223 19,683Redeemable subordinated debt(2)2 12,607 16,165Undated subordinated notes(2)1,461 2,396BNP SA Oct. 85 EUR 305 - TMO -0.25% - 3 B 254 254BNP SA Sept. 86 USD 500 -Fortis Banque SA Sept. 01 EUR 1,000 Sept-11 6.50%6-month Libor+0.075% - 3 C 207 2113 monthEuribor+237 bp 5 D - 1,000Fortis Banque SA Oct. 04 EUR 1,000 Oct-14 4.625%3 monthEuribor+170 bp 5 E 879 814Others - - - - - 121 117Undated subordinated notes 926 893Fortis Banque NV/SA Feb. 08 USD 750 - 8.28% - 5 563 548Fortis Banque NV/SA June 08 EUR 375 - 8.03% - 5 E 363 345Participating notes (4) 222 224BNP SA July 84 EUR 337 -depending onnet incomesubject to aminimum of85% of theTMO rate anda maximumof 130% of theTMO rate - 4 NA 215 220Others - - - - - - - 7 4Expenses and commission, related debt 7 54(1) (2) See reference relating to “ Debt securities at fair value through profit or loss”.(3) Conditions precedent for coupon paymentB Payment of the interest is mandatory, unless the Board of Directors decides to postpone these payments after the Shareholders’ General Meeting hasofficially noted that there is no income available for distribution, where this occurs within the 12 month period preceding the due date for payment ofthe interest. Interest payments are cumulative and are payable in full once dividend payments resume.C Payment of the interest is mandatory, unless the Board of Directors decides to postpone these payments after the Shareholders’ General Meeting inordinary session has validated the decision not to pay out a dividend, where this occurs within the 12 month period preceding the due date for paymentof the interest. Interest payments are cumulative and are payable in full once dividend payments resume. The bank has the option of resumingpayment of interest arrears, even where no dividend is paid out.D Interest is not payable if the coupons exceed the difference between net equity and the amount of the issuer’s share capital and reserves not availablefor distribution.E Coupons are paid in the form of other securities if Tier 1 capital stands at less than 5% of the issuer’s risk-weighted assets .(4) The participating notes issued by BNP SA may be repurchased as provided for in the law of 3 January 1983. Accordingly, during 2012, 32, 000 notes wererepurchased and cancelled. The number of notes in the market is 1, 434, 092 .2012 Registration document and annual financial report - BNP PARIBAS 153