HSBC 2003 Annual Report Download - page 290

HSBC HOLDINGS PLC
Notes on the Financial Statements (continued)
288
33 Subordinated liabilities
2003 2002
US$m US$m
Undated subordinated loan capital:
Other HSBC ..................................................................................................................................... 3,617 3,540
Dated subordinated loan capital:
HSBC Holdings ............................................................................................................................... 5,970 5,790
Other HSBC ..................................................................................................................................... 11,610 9,041
17,580 14,831
Total subordinated liabilities:
HSBC Holdings ............................................................................................................................... 5,970 5,790
Other HSBC ..................................................................................................................................... 15,227 12,581
21,197 18,371
Dated subordinated loan capital is repayable
– within 1 year ................................................................................................................................ 858 956
– between 1 and 2 years .................................................................................................................. 718 862
– between 2 and 5 years .................................................................................................................. 1,863 1,957
– over 5 years .................................................................................................................................. 14,141 11,056
17,580 14,831
The total subordinated borrowings of HSBC Holdings were as follows:
2003
US$m
2002
US$m
Amounts owed to third parties
Amounts falling due after more than 1 year:
US$1,400m 5.25% subordinated notes 2012 ................................................................................ 1,394 1,394
€1,000m 5.375% subordinated notes 2012 .............................................................................. 1,257 1,045
£650m 5.75% subordinated notes 2027 ................................................................................1,153 1,041
US$1,000m 7.5% subordinated notes 2009 .................................................................................. 999 999
£250m 9.875% subordinated bonds 20181 ............................................................................ 440 397
US$350m Subordinated step-up coupon floating rate notes 20102 ............................................ 349 349
€300m 5.5% subordinated notes 2009 .................................................................................. 378 315
US$250m Subordinated collared floating rate notes 20083 ........................................................ –250
5,970 5,790
Amounts owed to HSBC undertakings
€1,400m 5.3687% fixed/floating subordinated notes 2043 –
HSBC Capital Funding (Euro 2) LP ......................................................................... 1,748 –
US$1,350m 9.547% subordinated step-up cumulative notes 2040 –
HSBC Capital Funding (Dollar 1) LP ....................................................................... 1,338 1,350
US$1,250m 4.61% fixed/floating subordinated notes 2043 –
HSBC Capital Funding (Dollar 2) LP ....................................................................... 1,237 –
US$900m 10.176% subordinated step-up cumulative notes 2040 –
HSBC Capital Funding (Dollar 1) LP ....................................................................... 889 900
£500m 8.208% subordinated step-up cumulative notes 2040 –
HSBC Capital Funding (Sterling 1) LP .................................................................... 884 806
€600m 8.03% subordinated step-up cumulative notes 2040 –
HSBC Capital Funding (Euro 1) LP ......................................................................... 749 630
US$350m 7.525% subordinated loan 2003 –
HSBC Finance Nederland B.V ................................................................................. –350
6,845 4,036
12,815 9,826