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Retrieving Data

Note 27: Unsecured Subordinated Bonds

GROUP PARENT
2013
$000
2012
$000
2013
$000
2012
$000
Repayment terms and interest:
Maturing in September 2012, 8.5% p.a. fixed coupon rate - 108,592 - 108,592
Maturing in March 2014, 8.5% p.a. fixed coupon rate 54,713 54,713 54,713 54,713
Maturing in December 2015, 8.4% p.a. fixed coupon rate 100,000 100,000 100,000 100,000
Maturing in December 2019, 6.75% p.a. fixed coupon rate 140,000 - 140,000 -
Bond issue costs (2,338) (1,028) (2,338) (1,028)
292,375 262,277 292,375 262,277
Current portion 54,713 108,592 54,713 108,592
Non-current portion 237,662 153,685 237,662 153,685
292,375 262,277 292,375 262,277
           
At maturity the bonds maturing in December 2015 and prior can be converted at the option of the Company to ordinary shares based on the market price of ordinary shares at the time. The bonds are fully subordinated behind all other creditors.At 31 March 2013 the subordinated bonds had a fair value of $312,930,000 (31 March 2012: $273,213,000).