Samsung 1998 Annual Report Download - page 50

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(B) Long-term debt denominated in foreign currencies at December 31, 1998 and 1997 consists of the following
Annual Interest Rates(%) Thousands of US Dollars
1998 1998 1997
ING LIBOR+0.45 8,533 8,533
Banque Paribas - - 639
Citibank, N.A. LIBOR+1 233,793 235,380
Digital Equipment Co., Ltd. 5.99 30,000 -
The Long Term Credit Bank of Japan, Ltd. - - 410
Credit Lyonnais - - 830
Chase Manhattan Bank - - 682
Tokai Bank - - 973
Other foreign banks - - 3,246
Korea Development Bank 10.0 or
LIBOR+0.35-2.0 693,382 1,096,182
Korea Exchange Bank LIBOR+0.375-1.0 75,656 134,894
Commercial Bank of Korea 3.2 or
LIBOR+1 1,421 212,286
Hanil Bank LIBOR+0.45 30,000 403,250
Korea Long-Term Credit Bank - - 50,137
Korea First Bank LIBOR+2 100 5,318
Chohung Bank - - 83,416
The Export-Import
Bank of Korea 3.2 or
￥LIBOR+0.625-0.725 169,910 167,149
Bank of Seoul LIBOR+0.4-1 17,312 75,818
Housing & Commercial Bank LIBOR+1 100 48,213
Shinhan Bank - - 69,916
Dong Hwa Bank Ltd. - - 9,934
Hana Bank LIBOR+1 100 19,516
Boram Bank LIBOR+1 100 19,996
Koram Bank 3.2 42,057 -
Korea Development Leasing
Corporation and others LIBOR+0.6-1.1 1,112,003 1,808,492
Korea Merchant Banking Companies LIBOR+0.87 78,735 427,830
US Dollar equivalent offoreign currencies $2,493,202 $4,883,040
Won equivalent (in thousands) ￦3,011,288,789 ￦6,910,478,031
(C) Debentures outstanding at December 31, 1998 and 1997 consist of the following:
Annual Interest Rates(%) Thousands of Korean Won
1998 1998 1997
Guaranteed by banks,
payable through 2001 11-25 1,120,000,000 910,000,000
Floating rate notes, payable at 2001 CD+0.1 32,000,000 32,000,000
Other, payable through 2003 8-24.22 3,206,000,000 620,000,000
4,358,000,000 1,562,000,000
Add : premiums 1,472,804 1,869,758
Less : discounts (114,024,622) (37,997,652)
4,245,448,182 1,525,872,106
Certain investments and property, plant and equipment are pledged as collateral for the above loans (see Notes 7 and 8).
In addition, repayment of certain long-term debt is guaranteed by various Korean financial institutions.
Maturities of long-term debt outstanding, excluding premiums and discounts on debentures, at December 31, 1998 are as follows:
Continued ;
NOTES TO FINANCIAL STATEMENTS
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