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REDEFINING
MOBILITY
KIA MOTORS
ANNUAL REPORT
2009

REDEFINING
MOBILITY
KIA MOTORS
ANNUAL REPORT
2009

NOTES TO NONCONSOLIDATED
FINANCIAL STATEMENTS
December 31, 2009 and 2008
16. LONGTERM DEBT
(a) Long-term debt as of December 31, 2009 and 2008 are summarized as follows:
(b) Details of bond with warrant as of December 31, 2009 are summarized as follows:
In millions of Won Annual
Lender interest rate 2009 2008
LOCAL CURRENCY BORROWINGS
Kookmin Bank and Others 3.00 ~ 5.00% ￦ 7,998 8,852
The Korea Development Bank 4.34% 45,833 50,000
Hana Bank 3.81% ~ 6.52% 220,000 70,000
Kookmin Bank 4.30% 350,000 350,000
Kyobo Life Insurance Co., Ltd. - - 30,000
Kookmin Bank 6.97% 350,000 350,000
Hana Bank 6.21% 150,000 -
1,123,831 858,852
FOREIGN CURRENCY BORROWINGS
KOREA EXIMBANK 1.32% ~ 1.97% 326,873 430,380
BNP PARIBAS - - 75,450
SC FIRST BANK 5.45% 64,218 69,163
CALYON 2.12% 376,713 399,649
767,804 974,642
DEBENTURES
264th 6M Euribor+0.95 502,284 532,866
266-1st - - 100,000
266-2nd 5.19% 200,000 200,000
267th - - 100,000
268-1st - - 150,000
268-2nd 5.01% 150,000 150,000
269th 5.33% 300,000 300,000
270th 5.73% 190,000 200,000
271st - - 350,000
272nd 7.00% 200,000 200,000
273rd 8.90% 70,000 70,000
274-1st 8.30% 180,000 -
274-2nd 8.40% 160,000 -
274-3rd 8.60% 60,000 -
275th (Bond with warrant(see (b) below)) 1.00% 280,042 -
276-1st 5.85% 90,000 -
276-2nd 6.80% 110,000 -
Less discount (8,236) (4,092)
Redemption premium 40,800 -
Stock warrants adjustment (15,711) -
2,509,179 2,348,774
Less current portion of long-term debt, net of discount of ￦ 510
in 2009 and ￦ 474 in 2008 (1,655,222) (805,830)
￦ 2,745,592 3,376,438
Date issued March 19, 2009
Amount of issue(*) ￦ 400,000 million
Issued at Face value
Maturity date March 19, 2012
Convertible until February 19, 2012
Conversion price in Won ￦ 6,880
Amount converted -
(*) The amount represents principal portion only and does not reect discount on present value.
The exercise prices are adjusted by the following conditions, when the additional stocks are issued due to new stock issuing for paid-in capital,
stock dividends, and capitalization of reserves at lower price than market price before the exercise of stock warrants, when the adjustment of
exercise price is necessary due to merger, reduction of capital, split of stock and consolidation of stock, and when the market price of the stock
is decreased.
The number of shares issued upon the exercise of stock warrants for the year ended December 31, 2009 are 41,140,593 shares. The
accumulated number of shares exercised and the remaining shares to be exercised are 41,140,593 shares and 16,993,873 shares, respectively,
as of December 31, 2009
(c) Aggregate maturities of the Company’s long-term debt as of December 31, 2009 are summarized as follows:
(*) The amount represents principal portion only and does not reect discount on present value.
In millions of Won Local Foreign
December 31, 2009 currency debt(*) currency debt(*) Debentures(*) Total
2010.1.1 ~ 2010.12.31 ￦ 87,568 695,880 872,284 1,655,732
2011.1.1 ~ 2011.12.31 367,523 71,924 780,000 1,219,447
2012.1.1 ~ 2012.12.31 163,247 - 730,042 893,289
2013.1.1 ~ 2013.12.31 350,741 - - 350,741
2014 and thereafter 154,752 - 110,000 264,752
￦ 1,123,831 767,804 2,492,326 4,383,961