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ORDINARY CAPITAL INTER-AMERICAN DEVELOPMENT BANK
APPENDIX I-5
STATEMENT OF MEDIUM- AND LONG-TERM BORROWINGS AND SWAPS – NOTES I, J AND K December 31, 2008 Expressed in millions of United States dollars
Currency Interest rate Direct borrowings swap agreements swap agreements Net currency obligations Wgtd. Wgtd. Wgtd. Wgtd. avg Average Amount(2) avg Average Amount(2) avg Average avg Average Amount(2) cost maturity payable cost maturity payable cost maturity payable cost maturity Currency/Rate type Amount (%) (years) (receivable) (%) (years) (receivable) (%) (years) (receivable) (%) (years)(1)
Euro Fixed . . . . . . . . . . . . . . . $ 2,234 — Adjustable . . . . . . . . . . 799 — Japanese yen Fixed . . . . . . . . . . . . . . . 2,595 — Adjustable . . . . . . . . . . 434 — Swiss francs Adjustable . . . . . . . . . . —
5.08 — 5.23 —
2.48 — 7.39 —
$ 173 (630) 2,961 (799)
6.70 5.57 4.10 5.23
0.67 1.24 3.81 7.39
$ — (838) 838 —
— 4.26 3.99 —
— 4.54 4.54 —
$ 2,407 (1,468) 4,598 (799)
5.20 4.82 4.28 5.23
2.35 3.12 4.57 7.39
3.02 — 2.09 —
2.08 — 9.06 —
— (139) 458 (952)
— 5.73 0.60 1.29
— 4.58 2.59 4.09
— (1,408) 1,441 (33)
— 1.94 0.76 1.23
— 0.63 0.84 9.83
2,595 (1,547) 2,333 (985)
3.02 2.28 0.98 1.29
2.08 0.98 2.71 4.28
—
—
1,311
2.78
2.13
—
—
1,311
2.78
2.13
25,689 — 212 —
4.81 — 2.08 —
5.74 — 6.31 —
620 (150) 16,392 (3,997)
5.62 8.58 2.81 2.98
1.33 0.67 5.55 3.53
5.25 4.15 3.25 2.08
5.77 5.53 4.49 4.44
26,889 (16,667) 34,343 (6,528)
4.84 4.19 3.03 2.63
5.64 5.49 5.01 3.88
15,194 — 134 —
6.64 — 7.46 —
5.54 — 6.16 —
— (15,194) — (134)
— 6.64 — 7.46
— 5.54 — 6.16
— — — —
— — — —
15,194 (15,194) 134 (134)
6.64 6.64 7.46 7.46
5.54 5.54 6.16 6.16
45,712 — 1,579 —
5.33 — 4.13 —
5.31 — 7.60 —
793 (16,113) 21,122 (5,882)
580 (18,763) 20,018 (2,564)
47,085 (34,876) 42,719 (8,446)
5.34 5.20 3.06 2.80
5.24 5.21 4.75 4.30
Principal at face value . . . 47,291 5.29 5.38 Fair value adjustments . . . 1,703 Net unamortized discount . . . . . . . . . . . . (2,667) Total . . . . . . . . . . . . . . . $46,327 5.29 5.38
(80) (1,166)
(729) (1,432)
46,482 (895)
3.81
4.99
1,063 $ (183)
729(3) $ (1,432)
(875) $ 44,712
3.81
4.99
United States dollars Fixed . . . . . . . . . . . . . . . Adjustable . . . . . . . . . . Others Fixed . . . . . . . . . . . . . . . Adjustable . . . . . . . . . . Total Fixed . . . . . . . . . . . . . . . Adjustable . . . . . . . . . .
— 580 (16,517) 17,739 (2,531) — — — —
(1)
As of December 31, 2008, the average reprising period of the net currency obligations for adjustable rate borrowings was four months. Currency swaps are shown at face value and interest rate swaps are shown at the notional amount of each individual payable or (receivable) leg, classified by their currency. Both currency and interest rate swaps are adjusted, in total, to fair value as indicated. The net fair value amount receivable from currency and interest rate swaps of $183 million and $1,432 million, respectively, shown in the above table, are represented by currency and interest rate swap assets at fair value of $3,415 million and currency and interest rate swap liabilities at fair value of $1,800 million, included on the Balance Sheet. (3) Represents the unamortized discount on zero coupon interest rate swaps. (2)
MATURITY STRUCTURE OF MEDIUM- AND LONG-TERM BORROWINGS OUTSTANDING December 31, 2008 Expressed in millions of United States dollars Year of maturity Year of maturity 2009. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 5,952 2014 through 2018. . . . . . . . . . . . . . . . . . . . . . . . . 2010. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7,583 2019 through 2023. . . . . . . . . . . . . . . . . . . . . . . . . 2011. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,926 2024 through 2028. . . . . . . . . . . . . . . . . . . . . . . . . 2012. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,951 2037 and 2038. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2013. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,351 Total. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
$13,772 1,193 2,816 747 $47,291