Virgin Media 2013 Annual Report Download - page 49

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VIRGIN MEDIA INC.
(See note 1)
Notes to Consolidated Financial Statements — (Continued)
December 31, 2013, 2012 and 2011
II - 24
Cross-currency and Interest Rate Derivative Contracts
Cross-currency Swaps:
The terms of our outstanding cross-currency swap contracts at December 31, 2013 which are held by our subsidiary, Virgin
Media Investment Holdings Limited (VMIH), are as follows:
Final maturity date (a)
Notional
amount
due from
counterparty
Notional
amount
due to
counterparty Interest rate due from
counterparty Interest rate due to
counterparty
in millions
February 2022...................... $ 1,400.0 £ 873.6 5.01% 5.35%
June 2020 ............................. $ 1,384.6 £ 901.4 6 mo. US LIBOR + 2.75% 6 mo. LIBOR + 3.18%
October 2020........................ $ 1,370.4 £ 881.6 6 mo. US LIBOR + 2.75% 6 mo. LIBOR + 3.10%
January 2018........................ $ 1,000.0 £ 615.7 6.50% 7.05%
October 2019........................ $ 500.0 £ 302.3 8.38% 9.07%
April 2019............................ $ 291.5 £ 186.2 5.38% 5.49%
November 2016 (b).............. $ 55.0 £ 27.7 6.50% 7.03%
______________
(a) The notional amount of multiple derivative instruments that mature within the same calendar month are shown in the
aggregate and interest rates are presented on a weighted average basis.
(b) Unlike the other cross-currency swaps presented in this table, the identified cross-currency swap does not involve the
exchange of notional amounts at the inception and maturity of the instruments. Accordingly, the only cash flows associated
with this instrument are interest payments and receipts.
Cross-currency Interest Rate Swaps:
The terms of our outstanding cross-currency interest rate swap contracts at December 31, 2013, which are held by VMIH, are
as follows:
Final maturity date (a)
Notional
amount
due from
counterparty
Notional
amount due to
counterparty Interest rate due from
counterparty Interest rate due to
counterparty
in millions
January 2021....................................... $ 500.0 £ 308.9 5.25% 6 mo. LIBOR + 1.94%
______________
(a) The notional amount of multiple derivative instruments that mature within the same calendar month are shown in the
aggregate and interest rates are presented on a weighted average basis.