LG 2001 Annual Report Download - page 70

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ยป70
LG Electronics Inc. The
43
rd Annual Report
Notes to Financial Statements
for the years ended December 31, 2001 and 2000
In Millions
Annual Interest Rates (%)
as of December 31, 2001 2001 2000
Won currency loans
Kookmin Bank 3.0 - 6.0 3,801 95,571
Korea Development Bank 5.0 5.75 11,817 196,659
Hana Bank 5.5 6.5 1,774 2,694
Hanvit Bank - - 30,000
Korea Technology Banking Corporation 4.75 6.5 10,068 15,061
Korea Development Capital Corporation 6.5 960 1,280
Korea Network Research Association - - 467
28,420 341,732
Foreign currency loans
Korea Development Bank LIBOR + 1.95 - 2.15 58,052 105,318
Korea Exchange Bank LIBOR + 0.45 132,610 189,930
Hanvit Bank LIBOR + 0.4 0 - 425 4,193 11,111
Korea First Bank LIBOR + 1.5 15,875 15,080
Export-Import Bank of Korea LIBOR + 0.625 4,994 7,115
Chohung Bank - - 34,012
Development Bank of Singapore LIBOR + 1.6 13,166 12,507
Novascotia - - 26,626
Banque Paribas LIBOR + 0.7 6,519 8,257
Societe General LIBOR + 0.6 13,868 18,443
Sumitomo Bank - - 11,389
Bank One LIBOR + 1.4 2,652 9,245
Bank of Tokyo-Mitsubishi LIBOR + 0.74 8,514 13,479
260,443 462,512
(US$ 196) (US$ 367)
288,863 804,244
Less : current maturities (200,626) (261,197)
88,237 543,047
Treasury debentures of 17,171 million held by the Company as of December 31, 2000 make up a
portion of exchangeable bonds, which were cancelled in 2001.
(*1) In 2000 and 2001, the Company issued U.S. Dollar denominated floating rate notes aggregating US$ 421 million, of which
US$ 221 million is due in 2002, US$ 100 million in 2003, and US$100 million in 2006.
(*2) In 2001, the foreign currency convertible bond issued in 1996 has been redeemed earlier than its maturity.
(*3) In 1997, the Company issued foreign currency denominated exchangeable bonds totaling US$ 75 million bearing interest at
0.25% per annum. In 2001, the Company extinguished bonds amounting to US$19 million. The bonds are exchangeable into
common stock of Hynix Semiconductor Inc. (Hynix, formerly, Hyundai Electonics Industries Co., Ltd.) through November 2007, unless