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Yen
(millions)
U.S. Dollars
(thousands)
At March 31 2007 2008 2008
b) Bonds and notes
Bonds and notes issued by the Company:
Zero coupon unsecured convertible bonds due 2009 *2¥250,000 ¥250,000 $2,500,000
Unsecured convertible bonds due 2010 *1,2 —100,000 1,000,000
Unsecured convertible bonds due 2011 *1,2 —100,000 1,000,000
3.15% unsecured bonds due 2009 50,000 50,000 500,000
2.3% unsecured bonds due 2007 50,000 — —
2.325% unsecured bonds due 2008 50,000 — —
3.0% unsecured bonds due 2018 30,000 30,000 300,000
2.175% unsecured bonds due 2008 50,000 50,000 500,000
2.15% unsecured bonds due 2008 50,000 50,000 500,000
0.42% unsecured bonds due 2007 50,000 — —
1.05% unsecured bonds due 2010 50,000 50,000 500,000
1.49% unsecured bonds due 2012 — 60,000 600,000
1.73% unsecured bonds due 2014 — 40,000 400,000
Bonds and notes issued by consolidated subsidiaries,
due 2008 with the weighted average interest rate of 6.0% at March 31, 2008:
Secured — — —
Unsecured — 9,540 95,400
Total bonds and notes ¥630,000 ¥789,540 $7,895,400
Total long-term debt (including current portion) (a+b) ¥705,381 ¥837,750 $8,377,500
Current portion (B) 185,814 110,641 1,106,410
Non-current portion (C) 519,567 727,109 7,271,090
Total short-term borrowings and long-term debt
(including current portion)
¥745,817
¥887,336
$8,873,360
Short-term borrowings and current portion of long-term debt (A+B) 226,250 160,227 1,602,270
Long-term debt (excluding current portion) (C) 519,567 727,109 7,271,090
At March 31, 2008, the Group had committed facility contracts with banks aggregating ¥213,254 million
($2,132,540 thousand). ¥3,843 million ($38,430 thousand) was used out of the total credit limit as the above short-
term and long-term borrowings and the rest, ¥209,411 million ($2,094,110 thousand), was unused.
*1 The primary purpose of the issue of JPY100 billion unsecured convertible bonds due 2010 and JPY100 billion unsecured convertible bonds due 2011
(the “Bonds”) is to distribute and smooth the future redemption of the JPY250 billion zero coupon unsecured convertible bonds due 2009 (the “Exist-
ing Bonds”) issued by the Company in 2002.
If the Existing Bonds need to be redeemed by cash at the maturity date, the cash financed by the issue of the Bonds will be allocated and the Bonds
will remain, resulting in distributing and smoothing of future redemptions.
In contrast, if the Existing Bonds are converted, the Bonds are scheduled to be redeemed before the maturity dates in accordance with the
converted amount. The corresponding interest rates are as follows:
Before May 27, 2009 On and after May 28, 2009
Unsecured convertible bonds due 2010
[ ] represents interest rates if the volume-weighted average share price of 10 consecutive
days is below ¥900, and the bonds are matured before May 18, 2010.
1.60%
0.00% [3.00%]
Unsecured convertible bonds due 2011
[ ] represents interest rates if the volume-weighted average share price of 10 consecutive
days is below ¥900, and the bonds are matured before May 18, 2011.
1.60%
0.00% [1.75%]
102
ANNUAL REPORT 2008FUJITSU LIMITED
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS