2012 Registration document and annual financial report - BNP Paribas

4CONSOLIDATEDFINANCIAL STATEMENTS - YEAR ENDED 31 DECEMBER 2012Notes to the financial statements➤ PREFERRED SHARES ISSUED BY THE GROUP’S FOREIGN SUBSIDIARIESIssuer Date of issue CurrencyAmount(in millions of euros )Rate and term before1 st call dateBNPP Capital Trust VI January 2003 EUR 700 5.868% 10 yearsCofinoga Funding I LP March 2003 EUR 55 (1) 6.82% 10 yearsCofinoga Funding II LPRate after1 st call date3-month Euribor+2.48%3-month Euribor+3.75%January andTEC 10 (2)May 2004 EUR 80 (1) +1.35% 10 years TEC 10 (2) +1.35%TOTAL AT 31 DECEMBER 2012 752 (3)(1) Before application of the proportionate consolidation rate.(2) TEC 10 is the daily long-term government bond index, corresponding to the yield-to-maturity of a fictitious 10-year Treasury note.(3) Net of shares held in treasury by Group entities and after applying the proportional consolidation rate of Cofinoga .4The proceeds of these issues are recorded under “Minority interests”in the balance sheet, and the dividends are reported under “Minorityinterests” in the profit and loss account.At 31 December 2012, the BNP Paribas Group held EUR 15 million inpreferred shares (EUR 55 million at 31 December 2011), deducted fromminority interests.Undated Super Subordinated Notes issued byBNP Paribas SABNP Paribas SA has issued Undated Super Subordinated Notes which paya fixed or floating rate coupon and are redeemable at the end of a fixedperiod and thereafter at each coupon date. Some of these issues willpay a coupon indexed to Euribor or Libor if the notes are not redeemedat the end of this period.In the fourth quarter of 2011, the following transactions were carried outin relation to Undated Super Subordinated Notes:■ a public offer to exchange USD 1.3 billion of notes issued in June 2005for new non-subordinated bonds paying interest at 3-month USD Libor+2.75%. This transaction reduced outstanding debt by USD 280 million,generating a gross gain of EUR 59 million in terms of equity;■ a public offer to buy EUR 750 million of notes issued in April 2006,GBP 325 million of notes issued in July 2006 and EUR 750 million ofnotes issued in April 2007. This transaction reduced the outstandingdebt by EUR 201 million, GBP 162 million and EUR 112 millionrespectively, and generated a gross gain of EUR 135 million in termsof equity.Fortis Bank France, company absorbed by BNP Paribas SA on 12 May2010, carried out a EUR 60 million issue during December 2007 ofUndated Super Subordinated Notes. This issue offers investors a floatingrate of interest. These Undated Super Subordinated Notes were redeemedearly on 23 May 2011.1842012 Registration document and annual financial report - BNP PARIBAS