Samsung 2007 Annual Report Download - page 108

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15. FOREIGN CURRENCY NOTES AND BONDS
Unsecured foreign currency notes and bonds as of December 31, 2007 and 2006, consist of the following:
(A) US dollar denominated straight bonds
On October 2, 1997, SEC issued straight bonds in the amount of US$100 million at 99.85% of face value. The bonds bear interest
at 7.7% per annum and will mature on October 1, 2027, with repayments to be made annually for 20 years after a ten-year grace
period from the date of issuance.
(B) US dollar floating rate notes
US dollar floating rate notes issued by Samsung Card Co., Ltd., one of SEC’s domestic subsidiaries, will be repaid at their maturities.
Interests will be paid every quarter.
(C) Overseas subsidiaries
Overseas subsidiaries’ bonds will be repaid at maturities with the biannual interest payments over the terms of the bonds. SEC has
provided guarantees over the overseas subsidiaries’ bonds.
Maturities of foreign currency notes and bonds, outstanding as of December 31, 2007, are as follows:
(In millions of Korean won)
2009
￦
4,691
2010 103,202
2011 4,691
2012 4,691
Thereafter 117,275
￦
234,550
For the Years Ending December 31 Foreign Currency Notes and
Bonds
SEC
US dollar denominated straight bonds ( A ) October 1, 2027
￦
93,820
￦
92,960
US dollar floating rate notes ( B ) August 28, 2010 98,511 -
Overseas subsidiaries
US dollar denominated fixed rate notes ( C ) April 1, 2027 23,455 23,240
US dollar denominated fixed rate notes ( C ) April 1, 2030 23,455 23,240
239,241 139,440
Discounts (6,113) (5,643)
233,128 133,797
Less: Current maturities (4,470) -
￦
228,658
￦
133,797
Reference Due Date 2007 2006
(In millions of Korean won)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
continued