financial statements
65
ORDINARY CAPITAL INTER-AMERICAN DEVELOPMENT BANK
APPENDIX I-4
STATEMENT OF MEDIUM- AND LONG-TERM BORROWINGS AND SWAPS – NOTES I, J AND K December 31, 2010 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 . . . . . . . . . . . . . . $ 804 4.26 2.54 — — — Adjustable . . . . . . . . . . 593 5.03 6.22 — — — Japanese yen Fixed . . . . . . . . . . . . . . 838 5.39 3.68 — — — Adjustable . . . . . . . . . . 433 1.69 8.00 — — — Swiss francs Fixed . . . . . . . . . . . . . . 696 2.63 7.55 — — — Adjustable . . . . . . . . . . — — — — — — United States dollars Fixed . . . . . . . . . . . . . . 35,514 3.71 5.18 — — — Adjustable . . . . . . . . . . 4,250 0.67 2.22 — — — Others Fixed . . . . . . . . . . . . . . 20,107 6.15 4.95 — — — Adjustable . . . . . . . . . . 222 5.33 3.74 — — — Total Fixed . . . . . . . . . . . . . . 57,959 4.58 5.07 — — — Adjustable . . . . . . . . . . . . . 5,498 1.41 3.17 — — — Principal at face value . . . 63,457 4.30 4.90 Fair value adjustments . . 1,799 — — Net unamortized discount. . . . . . . . . . . . . (2,333) Total . . . . . . . . . . . . . . . $62,923 4.30 4.90
$ — — 2,257 (1,565)
— — 0.80 2.35
— — 2.98 3.12
$ — (804) 804 —
— 4.26 0.70 —
— 2.54 2.54 —
$ 804 (804) 3,654 (1,565)
4.26 4.26 1.46 2.35
2.54 2.54 3.41 3.12
— (653) 1,341 (996)
— 5.24 0.05 0.61
— 4.06 0.72 3.55
— — 37 (37)
— — (0.40) 1.23
— — 7.83 7.83
838 (653) 1,811 (1,033)
5.39 5.24 0.43 0.63
3.68 4.06 2.60 3.70
— (696) 1,017 (548)
— 2.63 — (0.06)
— 7.55 1.43 1.34
— — — —
— — — —
— — — —
696 (696) 1,017 (548)
2.63 2.63 — (0.06)
7.55 7.55 1.43 1.34
217 — 19,876 (4,242)
6.19 — 0.33 0.19
3.85 — 4.76 2.04
5.25 3.43 0.33 0.60
6.96 5.19 4.55 3.64
36,080 (29,384) 58,356 (10,020)
3.74 3.43 0.36 0.43
5.19 5.19 4.45 2.96
— (20,107) — (222)
— 6.15 — 5.33
— 4.95 — 3.74
— — — —
— — — —
20,107 (20,107) 222 (222)
6.15 6.15 5.33 5.33
4.95 4.95 3.74 3.74
217 (21,456) 24,491 (7,573) (4,321) (651)
349 (30,188) 35,071 (5,815) (583) (1,123)
58,525 (51,644) 65,060 (13,388) 58,553 25
4.59 4.52 0.43 0.73 0.91
5.08 5.07 4.29 2.99 4.69
1,016 $ (3,956)
583(3) $ (1,123)
(734) $ 57,844
0.91
4.69
349 (29,384) 34,230 (5,778) — — — —
(1)
s of December 31, 2010, the average repricing period of the net currency obligations for adjustable rate borrowings was 3.8 months. A 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 $3,956 million and $1,123 million, respectively, shown in the above table, are represented by currency and interest rate swap assets at fair value of $5,887 million and currency and interest rate swap liabilities at fair value of $808 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, 2010 Expressed in millions of United States dollars Year of maturity Year of maturity 2011. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 7,869 2016 through 2020 . . . . . . . . . . . . . . . . 2012. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10,589 2021 through 2025 . . . . . . . . . . . . . . . . 2013. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7,074 2026 through 2030 . . . . . . . . . . . . . . . . 2014. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10,547 2037 through 2040 . . . . . . . . . . . . . . . . 2015. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7,666 Total . . . . . . . . . . . . . . . . . . . . . . . . . .
$14,311 2,096 2,019 1,286 $63,457