Nikon 2003 Annual Report Download - page 32

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30
The following was a summary of the terms of bonds which the Company may at any time purchase at any price in the open market or
otherwise. The bonds purchased or otherwise acquired by the Company may be held or resold or, at the discretion of the Company, may be
canceled (together with any unmatured coupons attached thereto or purchased therewith).
Issued in Maturity
2.95% Yen Unsecured Bonds February, 1996 February, 2003
2.45% Yen Unsecured Bonds March, 1997 March, 2004
2.7% Yen Unsecured Bonds June, 1997 June, 2003
2.5% Yen Unsecured Bonds November, 1997 November, 2007
2.575% Yen Unsecured Bonds April, 1998 April, 2005
1.76% Yen Unsecured Bonds August, 1999 August, 2004
1.0% Yen Unsecured Bonds April, 2001 April, 2006
1.3% Yen Unsecured Bonds December, 2001 December, 2006
1.7% Yen Unsecured Bonds December, 2001 December, 2008
1.15% Yen Unsecured Bonds February, 2003 February, 2008
1.4% Yen Unsecured Bonds February, 2003 February, 2010
Yen Zero Coupon Convertible Bond June, 2002 March, 2007
Tota l
Thousands of
U.S. Dollars
2003
$
83,195
83,195
83,195
83,195
83,195
83,195
83,195
41,596
83,195
83,195
465,889
$1,256,240
2002
¥10,000
10,000
10,000
10,000
10,000
10,000
10,000
10,000
5,000
¥85,000
2003
¥
10,000
10,000
10,000
10,000
10,000
10,000
10,000
5,000
10,000
10,000
56,000
¥151,000
Millions of Yen
The aggregate annual maturities of long-term debt for the years following March 31, 2003 were as follows:
Year Ending
March 31
2004
2005
2006
2007
2008
Thereafter
Tota l
Thousands of
U.S. Dollars
$184,755
100,343
129,213
632,416
168,053
124,792
$1,339,572
¥22,208
12,061
15,531
76,017
20,200
15,000
¥161,017
Millions of Yen
The yen zero coupon convertible bonds were issued with detachable warrants to subscribe for shares of common stock of the Company.
The warrants are exercisable through March 16, 2007 at ¥1,857 per share. The warrants outstanding at March 31, 2003 entitled the holders
to subscribe for 30,156,165 shares which was computed using the above-mentioned exercise price.
At March 31, 2003, the following assets were pledged as collateral for long-term debt.
Notes and accounts receivable-trade
Investment securities
Tota l
Thousands of
U.S. Dollars
2003
$151,770
44,957
$196,727
2003
¥18,243
5,404
¥23,647
Millions of Yen
Liabilities secured by the above assets were as follows:
Long-term debt, including current portion
Thousands of
U.S. Dollars
2003
$30,169
2003
¥3,626
Millions of Yen