Samsung 2008 Annual Report Download - page 82

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
Maturities of long-term debts outstanding, excluding premiums and discounts on debentures, as of December 31, 2008, are as follows:
(In millions of Korean won)
For the Years Local Foreign
Ending December 31 Currency Loans Currency Loans Debentures Total
2009
￦
9,504
￦
268,362
￦
1,980,000
￦
2,257,866
2010 701,854 230,750 2,200,000 3,132,604
2011 54,850 733,422 1,680,000 2,468,272
2012 2,430 21,164 40,000 63,594
Thereafter - 92,460 20,000 112,460
￦
768,638
￦
1,346,158
￦
5,920,000
￦
8,034,796
16. FOREIGN CURRENCY NOTES AND BONDS
Unsecured foreign currency notes and bonds as of December 31, 2008 and 2007, consist of the following:
(In millions of Korean won)
SEC and domestic subsidiary
US dollar denominated straight bonds ( A ) October 1, 2027
￦
119,463
￦
93,820
US dollar floating rate notes ( B ) August 28, 2010 220,063 98,511
Overseas subsidiaries
US dollar denominated fixed rate notes ( C ) April 1, 2027 31,438 23,455
US dollar denominated fixed rate notes ( C ) April 1, 2030 31,438 23,455
402,402 239,241
Less: Discounts (5,700) (6,113)
396,702 233,128
Current maturities (6,009) (4,470)
￦
390,693
￦
228,658
Reference Due Date 2008 2007
(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, 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.
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
CONTINUED
Maturities of foreign currency notes and bonds, outstanding as of December 31, 2008, are as follows:
(In millions of Korean won)
2009
￦
6,288
2010 226,352
2011 6,288
2012 6,288
Thereafter 157,186
￦
402,402
For the Years Ending December 31 Foreign Currency Notes and Bonds