Suzuki 2000 Annual Report Download - page 28

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The 2.1 percent convertible bonds outstanding as of March 31, 2000 may be redeemed at the option of
the Company, in whole or in part, at prices ranging from 102 percent to 100 percent of the principal
amount under certain conditions as provided in the applicable agreement.
The 2.1 percent convertible bonds are convertible into common stock at the options of holders at the
conversion price of ¥609.1 per share, after giving effect to the new shares issued to General Motor
Corporation on November 19, 1998. If the outstanding convertible bonds were fully converted as of March
31, 2000, approximately 2,574,000 additional shares of common stock would be issued.
As is customary in Japan, both short-term and long-term bank loans are subject to general agreements
which provide that the banks may, under certain circumstances, request additional security for those loans,
and may treat any security furnished to the banks, as well as cash deposited with them, as security for all
present and future indebtedness.
6.Cash and cash equivalents
Cash and cash equivalents as of March 31, 2000 and 1999 consisted of:
Thousands of
Millions of yen U.S. dollars
2000 1999 2000
Cash and time deposits .......................................................... 209,427 233,196 1,972,936
Marketable securities............................................................. 4,499 14,600 42,392
Time deposits with maturities of over three months ............. (709) (654) (6,683)
Marketable securities with maturities of over three months . (3,000) (4,975) (28,261)
¥210,217 ¥242,167 $1,980,383