US Postal Service 2003 Annual Report Download - page 51

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2003 annual report united states postal service | 49
notes to the
financial statements
Our Debt Consists of the Following:
(dollars in millions)
Interest September 30,
Rate % Terms * 2003 2002
Notes payable to the Federal Financing Bank (FFB):
1.167 Payable February 5, 2004 $2,000 $000 -
1.195 Payable February 17, 2004 250 -
1.084 Floating rate; payable August 15, 2004 1,750 -
1.026** Short-term, floating rate, revolving credit facility; final maturity date May 6, 2005
and May 9, 2004 3,273 2,450
1.729 Overnight revolving credit facility; final maturity date May 10, 2003 -$ 214
5.568 Payable December 31, 2002 -200
4.543 Payable February 28, 2003 -200
3.858 Payable July 31, 2003 -750
3.636 Payable February 15, 2005 -300
4.780 Payable November 15, 2005 -200
5.412 Payable November 15, 2005 -500
4.437 Payable May 15, 2006 -250
4.325 Payable November 15, 2006 -200
3.449 Payable May 15, 2007 -250
3.714 Payable May 15, 2007 -250
5.688 Payable August 15, 2007 -400
5.546 Payable August 15, 2007 -150
5.426 Payable May 15, 2008 -200
4.981 Payable May 15, 2008 -200
4.910 Payable May 15, 2008 -200
4.806 Payable November 17, 2008 -300
5.355 Payable August 16, 2010 -500
4.999 Payable February 15, 2011 -200
4.925 Payable August 15, 2011 -200
4.414 Payable February 15, 2012 -250
4.594 Payable February 15, 2012 -250
5.012 Payable February 15, 2012 -200
3.903 Payable August 15, 2011 -250
5.959 Payable November 15, 2027 -400
5.726 Payable November 15, 2027 -100
5.606 Payable November 15, 2027 -300
4.836 Payable November 15, 2027 -100
6.299 Payable May 15, 2030 -250
5.591 Payable May 15, 2030 -250
5.417 Payable February 18, 2031 -200
4.976 Payable February 18, 2031 -250
5.552 Payable February 18, 2031 -200
7,273 11,114
Mortgage Notes Payable:
5.00 to Maturing from years 2004 through 2039 secured by land, buildings and equipment
9.25 with a carrying amount of $6.7 million. 11
7,274 11,115
Less current portion of debt 7,273 3,815
$0,001$7,300
*All debt is repurchasable at any time at a price determined by the current FFB rates.
** Weighted average interest rate; prior year’s interest rate was 1.790%