HSBC 2009 Annual Report Download - page 448

HSBC HOLDINGS PLC
Notes on the Financial Statements (continued)
Notes 28, 29 and 30
446
28 Debt securities in issue
2009 2008
US$m US$m
Bonds and medium-term notes ................................................................................................................ 160,295 160,927
Other debt securities in issue ................................................................................................................... 62,401 85,023
222,696 245,950
Of which debt securities in issue reported as:
– trading liabilities (Note 26) ............................................................................................................... (37,592) (31,288)
– financial liabilities designated at fair value (Note 27) ..................................................................... (38,208) (34,969)
146,896 179,693
Certain debt securities in issue are managed on a fair value basis as part of HSBC’s interest rate risk management
policies. The hedged portion of these debt securities is presented within the balance sheet caption ‘Financial liabilities
designated at fair value’, with the remaining portion included within ‘Trading liabilities’. The following table
analyses the carrying amount of bonds and medium-term notes in issue at 31 December with original maturities
greater than one year:
2009 2008
US$m US$m
Fixed rate
Secured financing:
0.01% to 3.99%: due 2010 to 2019 ..................................................................................................... 5,929 767
4.00% to 4.99%: due 2010 to 2015 ..................................................................................................... 1,948 1,590
5.00% to 5.99%: due 2010 to 2021 ..................................................................................................... 1,315 2,754
7.00% to 7.99%: due 2010 to 2011 ..................................................................................................... 9 14
8.00% to 9.99%: due 2010 to 2028 ..................................................................................................... 417 462
10.00% or higher: due 2010 ................................................................................................................ 43 –
Other fixed rate senior debt:
0.01% to 3.99%: due 2010 to 2051 ..................................................................................................... 22,554 21,790
4.00% to 4.99%: due 2010 to 2046 ..................................................................................................... 15,754 13,088
5.00% to 5.99%: due 2010 to 2036 ..................................................................................................... 25,619 22,357
6.00% to 6.99%: due 2010 to 2033 ..................................................................................................... 11,066 11,176
7.00% to 7.99%: due 2010 to 2039 ..................................................................................................... 3,900 4,995
8.00% to 9.99%: due 2010 to 2037 ..................................................................................................... 1,737 1,822
10.00% or higher: due 2010 to 2017 ................................................................................................... 280 884
90,571 81,699
Variable interest rate
Secured financings – 0.01% to 13.99%: due 2010 to 2021 .................................................................... 13,971 27,741
FHLB advances – 0.01% to 0.99%: due 2010 to 2036 ........................................................................... 1,000 3,156
Other variable interest rate senior debt – 0.01% to 12.99%: due 2010 to 2057 ..................................... 50,258 43,849
65,229 74,746
Structured notes
Interest rate linked ................................................................................................................................... 5 348
Equity, equity index or credit-linked ....................................................................................................... 4,490 4,134
4,495 4,482
Total bonds and medium-term notes ....................................................................................................... 160,295 160,927
HSBC Holdings
2009 2008
US$m US$m
Bonds and medium-term notes
Fixed rate senior debt, unsecured:
4.00% to 4.99%: due 2010 to 2014 ..................................................................................................... 1,791 –
6.00% to 6.99%: due 2010 to 2024 ..................................................................................................... 1,048 –
2,839 –