D-Link 2001 Annual Report Download - page 46

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14
D-LINK CORPORATION AND SUBSIDIARIES
Notes to Consolidated Financial Statements
11. Commercial Paper Payable
The components of commercial paper payable as of December 31, 2000 and 2001, are summarized
below:
2000 2001
Amount Rate % Amount Rate %
Commercial paper payable $ 337,500 5.5%~
8.1%
167,000 3.30%~
3.50%
Less: unamortized discount (1,817) (199)
$ 335,683 166,801
12. Bonds Payable
A summary of the major terms of the bonds payable outstanding as of December 31, 2000 and 2001, is as
follows:
(1) The second issuance of domestic convertible bonds
Par value: $1.5 billion.
Issue date: September 28, 1999.
Issue price: at par value.
Duration: seven-years, maturing on September 27, 2006.
Coupon rate: 0%
Conversion objective: D-Link’ s common stock.
Conversion price:
The conversion price was 64.2 New Taiwan dollars per share when the bonds were issued. As of
July 18, 2001, the conversion price was adjusted to 40.4 New Taiwan dollars per share based on
the prescribed formula.