Barclays 2005 Annual Report Download - page 188

35 Undated loan capital
2005 2004
Notes £m £m
Non-convertible
The Bank
6% Callable Perpetual Core Tier One Notes (a,l) 432 400
6.86% Callable Perpetual Core Tier One Notes ($1,000m) (a,l) 623 520
8.55% Step-up Callable Perpetual Reserve Capital Instruments (2004: $1,250m) n/a 646
7.375% Step-up Callable Perpetual Reserve Capital Instruments (2004: $750m) n/a 386
7.50% Step-up Callable Perpetual Reserve Capital Instruments (2004: ¤850m) n/a 595
Junior Undated Floating Rate Notes ($121m) (b,m) 71 63
Undated Floating Rate Primary Capital Notes Series 1 (2004: $358m) n/a 186
Undated Floating Rate Primary Capital Notes Series 2 (2004: $442m) n/a 230
Undated Floating Rate Primary Capital Notes Series 3 (b,n) 147 145
9.875% Undated Subordinated Notes (c,o) 319 300
9.25% Perpetual Subordinated Bonds (ex-Woolwich plc) (d,p) 186 180
9% Permanent Interest Bearing Capital Bonds (e,q) 102 100
7.125% Undated Subordinated Notes (f,r) 573 525
6.875% Undated Subordinated Notes (g,s) 670 650
6.375% Undated Subordinated Notes (h,t) 498 465
6.125% Undated Subordinated Notes (i,u) 611 550
6.5% Undated Subordinated Notes (FFr 1,000m) (j,v) 107 108
5.03% Reverse Dual Currency Undated Subordinated Loan (Yen 8,000m) (k,w) 23 40
5% Reverse Dual Currency Undated Subordinated Loan (Yen 12,000m) (k,w) 35 60
Undated loan capital – non convertible 4,397 6,149
Security and subordination
None of the undated loan capital of the Bank is secured.
The Junior Undated Floating Rate Notes (the ‘Junior Notes’) rank behind the claims against the Bank of depositors and other unsecured
unsubordinated creditors and holders of dated loan capital.
All other issues of the Bank’s undated loan capital rank pari passu with each other and behind the claims of the holders of the Junior Notes, except
for the 6% and 6.86% Callable Perpetual Core Tier One Notes (the ‘TONs’) (such issues, excluding the TONs, being the ‘Undated Notes and Loans’).
The TONs rank behind the claims of the holders of the Undated Notes and Loans.
Notes to the accounts
For the year ended 31st December 2005
Barclays PLC
Annual Report 2005
186