2012 Registration document and annual financial report - BNP Paribas

4CONSOLIDATEDFINANCIAL STATEMENTS - YEAR ENDED 31 DECEMBER 2012Notes to the financial statementsIn the fourth quarter of 2011, the bank made a public offer to exchangeredeemable subordinated debt, eligible for inclusion in Tier 2 capital, fornew senior debt. The transaction reduced the outstanding amount ofredeemable subordinated debt by EUR 1, 433 million, and resulted in therecognition of a EUR 41 million gain in net interest income.Maturity schedule of medium and long-term debt securities and redeemable subordinated debt carried at amortised cost with amaturity at issuance of more than one year:Maturity or call option datein millions of euros 2013 2014 2015 2016 2017 2018-2022 After 2022Total at31 December 2012Medium- and long-term debtsecurities 16,914 16,657 14,896 7,359 10,845 18,351 4,585 89,607Redeemable subordinated debt 1,630 1,138 1,196 1,526 4,344 2,535 238 12,607TOTAL 18,544 17,795 16,092 8,885 15,189 20,886 4,823 102,2144Maturity or call option datein millions of euros 2012 2013 2014 2015 2016 2017-2021 After 2021Total at31 December 2011Medium- and long-termdebt securities 16,630 12,994 10,085 12,994 13,569 14,954 5,347 86,573Redeemable subordinateddebt 2,818 1,485 1,125 813 1,902 6,809 1,213 16,165TOTAL 19,448 14,479 11,210 13,807 15,471 21,763 6,560 102,7385.j HELD-TO-MATURITY FINANCIAL ASSETSIn millions of eurosNet31 December 2012 31 December 2011of whichimpairmentlossesNetof whichimpairmentlossesTreasury bills and government bonds 10,127 - 10,394 (223)Other fixed-income securities 157 - 182TOTAL HELD-TO-MATURITY FINANCIAL ASSETS 10,284 - 10,576 (223)At 31 December 2011 the impaired securities were the Greek sovereignbonds held by insurance entities for a gross amount of EUR 286 million.These assets were extinguished on 12 March 2012 with the securitiesexchange described in note 4.Disposals of sovereign debt securities classified as held-to-maturityfinancial assets in 2011 are described in note 4.1542012 Registration document and annual financial report - BNP PARIBAS