Barclays 2006 Annual Report Download - page 200

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32 Subordinated liabilities
Subordinated liabilities comprise dated and undated loan capital as follows:
2006 2005
Notes £m £m
Undated loan capital (a) 5,422 4,397
Dated loan capital (b) 8,364 8,066
13,786 12,463
(a) Undated loan capital
2006 2005
Notes £m £m
Non-convertible
The Bank
6% Callable Perpetual Core tier One Notes (a,n) 404 432
6.86% Callable Perpetual Core tier One Notes (US$1,000m) (a,n) 571 623
5.3304% Step-up Callable Perpetual Reserve Capital Instruments (b,o) 501 –
5.926% Step-up Callable Perpetual Reserve Capital Instruments (US$1,350m) (c,p) 690 –
Junior Undated Floating Rate Notes (US$121m) (d,q) 62 71
Undated Floating Rate Primary Capital Notes Series 3 (d,r) 146 147
9.875% Undated Subordinated Notes (e,s) 319 319
9.25% Perpetual Subordinated Bonds (ex-Woolwich plc) (f,t) 178 186
9% Permanent Interest Bearing Capital Bonds (g,u) 102 102
7.125% Undated Subordinated Notes (h,v) 550 573
6.875% Undated Subordinated Notes (i,w) 656 670
6.375% Undated Subordinated Notes (j,x) 481 498
6.125% Undated Subordinated Notes (k,y) 571 611
6.5% Undated Subordinated Notes (FFr 1,000m) (l,z) 105 107
5.03% Reverse Dual Currency Undated Subordinated Loan (Yen 8,000m) (m,aa) 34 23
5% Reverse Dual Currency Undated Subordinated Loan (Yen 12,000m) (m,aa) 52 35
Undated loan capital – non-convertible 5,422 4,397
Security and subordination
None of the undated loan capital of the Bank is secured.
The Junior Undated Floating Rate Notes (the ‘Junior Notes’) rank behind the claims against the Bank of depositors and other unsecured
unsubordinated creditors and holders of dated loan capital.
All other issues of the Bank’s undated loan capital rank pari passu with each other and behind the claims of the holders of the Junior Notes, except for
the 6% and 6.86% Callable Perpetual Core tier One Notes (the ‘TONs’) and the 5.3304% and 5.926% Step-up Callable Perpetual Reserve Capital
Instruments (the ‘RCIs’) (such issues, excluding the TONs and the RCIs, being the ‘Undated Notes and Loans’).
The TONs and the RCIs rank pari passu with each other and behind the claims of the holders of the Undated Notes and Loans.
Barclays PLC
Annual Report 2006
196
Notes to the accounts
For the year ended 31st December 2006