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37
lines of credit.
Long-term debt at March 31, 2010 and 2009 consist of the following:
Thousands of
Millions of yen U.S. dollars
March 31 2010 2009 2010
Loans, principally from banks and insurance companies,
due 2010 to 2029 with weighted-average interest rate
of 1.34% at March 31, 2010 and due 2009 to 2029 with
weighted-average interest rate of 1.40% at March 31, 2009:
Secured ¥—¥254 $—
Unsecured 595,581 715,577 6,404,097
Unsecured yen bonds, due 2010 to 2016 with interest
ranging from 1.05% to 2.20% at March 31, 2010 and due
2010 to 2016 with interest ranging from 1.20% to
2.20% at March 31, 2009 240,000 130,000 2,580,645
Interest deferrable and early redeemable subordinated bonds:
Due 2069 with interest rate of 7.50% at March 31, 2010 180,000 —1,935,484
Zero Coupon Convertible Bonds with stock acquisition rights:
Due 2009 convertible —41,420 —
Due 2011 convertible at ¥542 per share at March 31, 2010 95,010 95,010 1,021,613
Euro yen medium-term notes of subsidiaries, due 2011 to
2014 with interest ranging from 1.31% to 1.67% at
March 31, 2010 and due 2009 to 2014 with interest
ranging from 0.60% to 2.60% at March 31, 2009 992 23,586 10,667
Capital lease obligations 55,372 56,834 595,398
1,166,955 1,062,681 12,547,904
Less-Portion due within one year (206,017) (285,913) (2,215,237)
¥960,938 ¥776,768 $10,332,667
Certain of the secured loan agreements contain provisions, which permit the lenders to require additional collateral.
Substantially all of the unsecured loan agreements permit the lenders to require collateral or guarantees for such loans. Certain
of the secured and unsecured loan agreements may require prior approval by the banks and trustees before any distributions
(including cash dividends) may be made from current or retained earnings.
Assets pledged as collateral for short-term borrowings at March 31, 2010 were property, plant, equipment, long-term receiv-
ables and investments with a book value of ¥2,499 million ($26,871 thousand).
The aggregate annual maturities of long-term debt, excluding those of capital lease obligations, are as follows:
Thousands of
Year ending March 31 Millions of yen U.S. dollars
2011 ¥190,085 $ 2,043,925
2012 207,255 2,228,549
2013 182,072 1,957,764
2014 226,826 2,438,989
2015 34,498 370,946
Thereafter 270,847 2,912,333
¥1,111,583 $ 11,952,506