166 | CapitaLand Limited Annual Report 2014
Appendix
Notes to the Financial Statements
Year ended 31 December 2014
20 DEBT SECURITIES
Debt securities comprise medium term notes, mxed rate notes, noating rate notes and bonds issued by the
Company and subsidiaries in the Group.
The Group
The Company
2014
$’000
2013
$’000
2014
$’000
2013
$’000
Restated
Convertible bonds
3,395,836
3,532,686
3,234,116
3,190,458
Notes and bonds
4,379,316
3,840,317
–
–
7,775,152
7,373,003
3,234,116
3,190,458
Secured notes and bonds
204,969
214,068
–
–
Unsecured notes and bonds
7,570,183
7,158,935
3,234,116
3,190,458
7,775,152
7,373,003
3,234,116
3,190,458
Repayable
Not later than 1 year
427,665
254,972
7,669
–
Between 1 and 2 years
941,682
701,684
630,048
–
Between 2 and 5 years
1,719,563
1,926,372
243,017
862,186
After 5 years
4,686,242
4,489,975
2,353,382
2,328,272
After 1 year
7,347,487
7,118,031
3,226,447
3,190,458
7,775,152
7,373,003
3,234,116
3,190,458
(a) The repayment schedule for convertible bonds was based on the mnal maturity dates.
(b) As at 31 December 2014, the effective interest rates for debt securities ranged from 0.51% to 4.60% (2013
0.52% to 5.15%) per annum.
(c) Details of the outstanding convertible bonds as at 31 December 2014 are as follows
(i) $184.3 million (2013 $184.3 million) principal amount of convertible bonds of the Company due on
15 November 2016 with interest rate at 2.10% per annum (2.10% bonds). These bonds are convertible
into new ordinary shares at the conversion price of $6.01 per share on or after 26 December 2006 and
may be redeemed at the option of the Company on specimed dates.
(ii) $1.0 billion principal amount of convertible bonds of the Company due on 20 June 2022 with interest
rate at 2.95% per annum. These bonds are convertible into new ordinary shares at the conversion price
of $11.5218 per share on or after 20 June 2008 and may be redeemed at the option of the Company
or at the option of the bond holders on specimed dates.
(iii) $235.3 million (2013 $235.3 million) principal amount of convertible bonds of the Company due on
5 March 2018 with interest rate at 3.125% per annum (3.125% bonds). These bonds are convertible
into new ordinary shares at the conversion price of $7.1468 per share on or after 15 April 2008 and
may be redeemed at the option of the Company or at the option of the bond holders on specimed
dates. The redemption price upon maturity is 109.998% of the principal amount. $7.8 million will be
redeemed by the bond holders on 5 March 2015. The redemption price on 5 March 2015 is 106.578%
of the principal amount.
(iv) $467.0 million (2013 $467.0 million) principal amount of convertible bonds of the Company due on
3 September 2016 with interest rate at 2.875% per annum (2.875% bonds). These bonds are convertible
into new ordinary shares at the conversion price of $4.6619 (2013 $4.6836) per share on or after
14 October 2009 and may be redeemed at the option of the Company or at the option of the bond
holders on specimed dates.
