Mitsubishi 2003 Annual Report Download - page 58

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56
ANNUAL REPORT 2003 POWER TO CHANGE
Long-term debt at March 31, 2003 and 2002 consisted of the following:
(In thousands of
(In millions of yen) U.S. dollars)
March 31, 2003 2002 2003
Loans, principally from banks and insurance companies, due through
2022 at rates averaged 2.8 % in 2003 and 2.8% in 2002:
Secured ¥ 51,316 ¥ 111,946 $ 426,922
Unsecured 122,428 145,440 1,018,536
2.25% bonds due 2002 –20,000 –
2.4% bonds due 2003 29,500 29,500 245,424
2.7% bonds due 2004 20,000 20,000 166,389
3.1% bonds due 2007 8,700 8,700 72,379
3.3% bonds due 2009 25,800 26,400 214,642
0.4% convertible bonds due 2003 –80,094 –
1.7% convertible bonds due 2003 19,200 19,200 159,734
Secured non-recourse notes payable due through 2006 at average
rates ranging from 1.5% to 2.2% 78,595 –653,869
Euro medium-term notes due through 2005 at rates ranging
from 2.2 % to 4.8 % in 2003 and from 0.5 % to 5.1% in 2002 20,374 84,521 169,501
375,915 545,801 3,127,413
Less current portion (107,170) (256,279) (891,597)
¥ 268,744 ¥ 289,522 $2,235,807
The 0.4% unsecured convertible bonds due 2003 are convertible through March 28, 2003 into shares of common stock of MMC
at ¥887 ($7.38) per share. At March 31, 2002, if all the outstanding convertible bonds had been converted at the current conversion
price, 90,297 thousand new shares would have been issuable. The conversion price is subject to adjustment in certain cases including
stock splits.
The 1.7% unsecured convertible bonds due 2003 are convertible through April 28, 2003 into shares of common stock of MMC at
¥405 ($3.37) per share. At March 31, 2003, if all the outstanding convertible bonds had been converted at the current conversion
price, 47,407 thousand new shares would have been issuable. The conversion price is subject to adjustment in certain cases including
stock splits.
The maturities of long-term debt were as follows:
(In thousands of
Year ending March 31, (In millions of yen) U.S. dollars)
2004 ¥107,170 $ 891,597
2005 91,414 760,516
2006 76,980 640,433
2007 21,265 176,913
2008 18,656 155,208
Thereafter 60,428 502,729
Total ¥375,915 $3,127,413