87 / 135
HALF-YEAR REPORT 2016
Notes to the Consolidated Financial Statements
For the six months ended 30 June 2016
/ 85
29 Debt instruments issued
(continued)
Notes (continued):
(c)
Subordinated bonds issued
The balance represents the subordinated debts issued by CITIC bank or CITIC Bank International Limited (“CBI”), a subsidiary of CITIC
Bank. The carrying amount of subordinated debts is as follows:
30 June
2016
31 December
2015
HK$ million
HK$ million
Fixed rate notes maturing
– In June 2020 (note (i))
4,232
4,133
– In September 2022 (note (ii))
2,331
2,307
– In May 2024 (note (iii))
2,377
2,328
Fixed rate bonds maturing
– In June 2021 (note (iv))
–
2,387
– In May 2025 (note (v))
13,455
13,727
– In June 2027 (note (vi))
23,375
23,845
– In August 2024 (note (vii))
43,244
44,113
89,014
92,840
As at 30 June 2016
Denominated
currency
Face value in
denominated
currency
million Issue date
Maturity date
Interest rate
per annum
(i)
Subordinated Notes
US$
500 2010-06-24
2020-06-24
6.88%
(ii)
Subordinated Notes
US$
300 2012-09-27
2022-09-28
3.88%
(iii)
Subordinated Notes
US$
300 2013-11-07
2024-05-07
6.00%
(iv)
Subordinated Fixed Rate
Bonds
RMB
11,500 2010-05-27
2025-05-28
4.30%
(v)
Subordinated Fixed Rate
Bonds
RMB
20,000 2012-06-19
2027-06-21
5.15%
(vi)
Subordinated Fixed Rate
Bonds
RMB
37,000 2014-08-22
2024-08-26
6.13%