BT 1999 Annual Report Download - page 80
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NOTES TO THE FINANCIAL STATEMENTS
79
Group Company
))))))))))!!!!0051111!!!0051111
1999 1998 1999 1998
22. Loans and other borrowings £m £m £m £m
))))))))%!!!0111!!!0051111!!!0051111
US dollar 93⁄8% guaranteed bonds 1998 7.1 –149 ––
US dollar 93⁄8% guaranteed notes 1999 9.6 –179 ––
US dollar 83⁄4% guaranteed bonds 1999 8.8 124 119 ––
Zero coupon bonds 2000
(less unamortised discount £19m (1998 – £38m)) 6.9 181 162 181 162
US dollar 63⁄4% notes 2002
(less unamortised discount £7m (1997 – £9m)) 7.1 922 886 922 886
121⁄4% bonds 2003 12.3 180 180 180 180
71⁄8% bonds 2003 (less unamortised discount £3m (1998 – £3m)) 7.3 497 497 497 497
121⁄4% bonds 2006 12.3 229 229 229 229
US dollar 7% notes 2007
(less unamortised discount £3m (1997 – £3m)) 7.1 617 593 617 593
US dollar 95⁄8% guaranteed debentures 2019 (note 8) 9.8 –119 ––
85⁄8% bonds 2020 (less unamortised discount £4m (1998 – £5m)) 8.8 296 295 296 295
000000005!!!0111!!!0051111!!!0051111
Total listed bonds, debentures and notes 3,046 3,408 2,922 2,842
Lease finance 15 10 22
Bank loans due 1999-2009 9.0 789 792 ––
Other loans 6.6 111 10 1–
Bank overdrafts and other short-term borrowings 7.3 27 74 794 1,237
Commercial paper 7.1 345 476 345 476
Loans from subsidiary undertakings ––7,475 2,851
000000005!!!0111!!!0051111!!!0051111
Total loans and other borrowings 4,333 4,770 11,539 7,408
000000005!!!0111!!!0051111!!!0051111
Apart from the lease finance and £13m bank overdrafts and other short-term borrowings at 31 March 1999, all borrowings are
unsecured. Lease finance is repayable by instalments.
Average
effective
interest
rates (a)
%