United Mexican States 18K Annual report (foreign governments) | SEC 19 Oct 09

EXHIBIT E

TABLES AND SUPPLEMENTARY INFORMATION

PUBLIC DEBT OF THE GOVERNMENT

A. Direct Debt of the Government

Table I. Floating Internal Debt at December 31, 2008
(payable in pesos)

Outstanding

Amortization or

Interest

Maturity

Principal

Sinking Fund

Title

Rate

Date

Amount

Provision

(in millions of
pesos)

Short-term Treasury Certificates (“Cetes”)

Various

Ps.

281,277.5

None

Total Floating Internal Debt

Ps.

281,277.5

Table II. Funded Internal Debt at December 31, 2008
(payable in pesos)

Outstanding

Amortization or

Interest

Maturity

Principal

Sinking Fund

Title

Rate

Date

Amount

Provision

(in millions of
pesos)

Fixed-Rate Bonds

Fixed

Various

Ps.

1,085,645.0

None

Development Bonds (“Bondes”)

Various

58,000.0

None

Development Bonds (“Bondes D”)

Various

185,576.1

None

UDI-denominated Development Bonds (“UDI bonds”)

Various

334,929.1

None

Retirement Saving System Fund (“Fondo de Ahorro/SAR”)

Various

79,050.4

None

One-year Treasury Certificates (“Cetes”)⁽¹⁾

Various

75,787.5

None

Others⁽²⁾

Various

301,028.9

None

Total Funded Internal Debt

Ps.

2,120,017.0


(1)		One-year Cetes are the only long-term Treasury Certificates issued by the Federal Government.

(2)		Includes Ps. 270.5 billion of liabilities associated with the ISSSTE Law. See “Exhibit D—The Economy—Employment and Labor.”

Table III. Net Internal Debt at December 31, 2008
(payable in pesos)

Outstanding

Amortization or

Interest

Maturity

Principal

Sinking Fund

Title

Rate

Date

Amount

Provision

(in millions of
pesos)

Total Floating Internal Debt

Ps.

281,277.2

Total Funded Internal Debt

2,120,017.0

Assets⁽¹⁾

Various

(68,579.7

)

None

Total Net Internal Debt

Ps.

2,332,714.5


(1)		Includes Banco de México’s General Account Balance, which is positive (indicating monies owing to the Federal Government).

E-1

Table IV. Funded External Debt at December 31, 2008

Bond Issues at December 31, 2008


						Original		Principal
	Interest		Date of	Maturity		Principal		Amount
Title	Rate (%)		Issue	Date	Currency⁽¹⁾	Amount		Outstanding		Remarks
						(in thousands)

Guaranteed Floating Rate Bonds Due 2010	Variable		June 1990	June 2010	USD		78,040		76,466		(2	)
11.50% Global Bonds due 2026		11.50	May 1996	May 2026	USD		1,750,000		338,580
11.375% Global Bonds due 2016		11.375	Sep. 1996	Sep. 2016	USD		1,000,000		702,066
DM Bonds of 1997/2009		8.250	Feb. 1997	Feb. 2009	DM		1,500,000		1,173,752		(3	)
Notes due 2017		11.0	May 1997	May 2017	LRA		500,000,000		330,935,651		(3	)
Step-Down Notes due 2013		10.0-7.375	Apr. 1998	Apr. 2013	LRA		750,000,000		588,465,370		(3	)
Global Bonds due 2009		10.375	Feb. 1999	Feb. 2009	USD		1,000,000		493,309		(4	)
Global Bonds due 2009		10.375	Apr. 1999	Feb. 2009	USD		500,000		246,655
11.375% Global Bonds due 2016		11.375	Aug. 1999	Sep. 2016	USD		400,000		280,826
Global Bonds due 2009		10.375	Oct. 1999	Feb. 2009	USD		425,000		209,657
Notes due 2010		9.875	Jan. 2000	Feb. 2010	USD		1,500,000		1,017,787
Notes due 2010		9.875	Mar. 2000	Feb. 2010	USD		500,000		339,262
Global Bonds due 2016		11.375	Feb. 2000	Feb. 2016	USD		994,641		698,304
Global Bonds due 2010		7.5	Mar. 2000	Feb. 2010	€		1,000,000		741,596
Notes due 2011		8.375	Jan. 2001	Jan. 2011	USD		1,500,000		924,296
Notes due 2019		8.125	Mar. 2001	Dec. 2019	USD		3,300,000		1,352,366
Notes due 2011		8.375	May 2001	Jan. 2011	USD		1,000,000		616,198
Notes due 2031		8.300	Aug. 2001	Aug. 2031	USD		1,500,000		757,406
Notes due 2031		8.300	Dec. 2001	Aug. 2031	USD		1,000,000		504.938
Notes due 2012		7.500	Jan. 2002	Jan. 2012	USD		1,500,000		864,137
Notes due 2022		8.000	Sep. 2002	Sep. 2022	USD		1,750,000		714,348
Notes due 2031		8.300	Dec. 2002	Aug. 2031	USD		750,000		378,703
Notes due 2013		6.375	Jan. 2003	Jan. 2013	USD		2,000,000		1,191,414
Notes due 2015		6.625	Mar. 2003	Mar. 2015	USD		1,000,000		671,824
Notes due 2033		7.500	Apr. 2003	Apr. 2033	USD		1,000,000		361,554
Notes due 2013		5.375	June 2003	Jun. 2013	€		750,000		629,418		(3	)
Notes due 2014		5.875	Oct. 2003	Jan. 2014	USD		1,000,000		719,975
Notes due 2009	Variable		Jan. 2004	Jan. 2009	USD		1,000,000		1,000,000
Notes due 2024		6.75	Jan. 2004	Feb. 2024	STG		500,000		476,526
Notes due 2014		5.875	Apr. 2004	Jan. 2014	USD		793,267		571,133
Notes due 2033		7.500	Apr. 2004	Apr. 2033	USD		2,056,822		743,653
Notes due 2009	Variable		Aug. 2004	Jan. 2009	USD		500,000		500,000
Notes due 2034		6.75	Sep. 2004	Sep. 2034	USD		1,500,000		1,171,942
Notes due 2020		5.50	Nov. 2004	Feb. 2020	€		750,000		554,651		(3	)
Notes due 2015		6.625	Jan. 2005	Mar. 2015	USD		1,000,000		671,825
Notes due 2012		3.0	June 2005	June 2012	CHF		250,000		250,000		(3	)
Notes due 2015		4.5	June 2005	June 2015	€		750,000		614,470
Internotes due 2011		5.0	Feb. 2006	Feb. 2011	USD		5,147		5,147
Internotes due 2013		5.1	Feb. 2006	Feb. 2013	USD		3,030		3,030
Notes due 2017		5.625	Mar. 2006	Jan. 2017	USD		3,000,000		3,000,000
Notes due 2034		6.75	Jan. 2007	Sep. 2034	USD		2,266,566		1,770,855
Notes due 2034		6.75	Sep. 2007	Sep. 2034	USD		500,000		390,647
Notes due 2017		5.625	Sep. 2007	Jan. 2017	USD		500,000		500,000
Notes due 2040		6.06	Jan. 2008	Jan. 2040	USD		1,500,000		1,500,000
Notes due 2019		5.95	Dec. 2008	Mar. 2019	USD		2,000,000		2,000,000

E-2

Loans from Multilateral and Bilateral Organizations
at December 31, 2008

Interest

Date of

Maturity

Principal Amount

Title

Rate (%)

Issue

Date

Currency⁽¹⁾

Outstanding⁽⁷⁾

Remarks

(in thousands of dollars)

Loans from the International Bank for Reconstruction and Development (“World Bank”) and the Inter-American Development Bank

Variable, ranging from 7.25 to 11.6; some variable

Various

ATS, Bfr, C$, CHF, DM, DFL, Dirham, Escudo, FF, LRA, KD, LD, Markka, NK, PE, Rand, Riyal, SDR, SK, STG, USD, VB, ¥, €

8,216,824

(5)(6)

Loans from Banks and Suppliers
at December 31, 2008

Original

Principal

Interest

Date of

Maturity

Principal

Amount

Title

Rate (%)

Issue

Date

Currency⁽¹⁾

Amount

Outstanding

Remarks

(in thousands of dollars)

Various

USD

709,911

35,034

Total Funded External Debt

39,996,969

)


(1)		The currencies are defined as: ATS, Austrian shillings; Bfr, Belgian franc; C$, Canadian dollar; CHF, Swiss franc; DM, Deutsche mark; DFL, Dutch guilder; Dirham, United Arab Emirates dirham; Escudo, Portuguese escudo; FF, French franc; LRA, Italian lira; KD, Kuwait dinar; LD, Libyan dinar; Markka, Finnish markka; NK, Norwegian krone; PE, Spanish peseta; Rand, South African rand; STG, Pound sterling; Riyal, Saudi Arabian riyal; SDR, Special Drawing Rights; SK, Swedish krona; USD, United States dollar; VB, Venezuelan bolivar; ¥, Japanese yen; and €, Euros.

(2)		Originally referred to as “Guaranteed Floating Rates Bonds Due 2006.” The bonds and the related fiscal agency agreement were amended on June 19, 1995 to, among other things, extend the final maturity of the bonds (from December 2006 to June 2010) and to eliminate the semi-annual principal payments under the bonds. The payment obligations of Mexico under the bonds are guaranteed by the Kingdom of Spain.

(3)		In connection with these issuances, Mexico entered into currency swaps of DM 1,500,000,000 into U.S. $856,613,305; LRA 500 billion into U.S. $300,836,144; LRA 750 billion into U.S. $427,316,438; €1,000,000,000 into U.S. $903,400,000; €750,000,000 into U.S. $892,500,000; € 750,000,000 into U.S. $921,825,000 and CHF 250,000,000 into U.S. $200,787,085 000.

(4)		Each $1,000 principal amount of these bonds was issued with one warrant entitling the holder to exchange on February 28, 2000 a specified amount of Mexico’s U.S. dollar denominated Collateralized Fixed Rate Bonds Due 2019 or Collateralized Floating Rate Bonds Due 2019 for $1,000 principal amount of either Floating Rate Bonds due 2005 of Mexico or, subject to the certain condition specified therein, Mexico’s 11 3/8% Bonds due 2016.

(5)		Semi-annual, quarterly or monthly amortization calculated to retire loans or securities by maturity.

(6)		The direct obligors in respect of U.S. $ 1,579,904,000 of these loans are Banobras (U.S. $ 491,594,000), Bancomext (U.S. $17,637,000), NAFIN (U.S. $1,017,936,000) and Sociedad Hipoptecaria Federal (U.S. $52,737,000), acting in their capacities as financing agents for the Federal Government. The Federal Government is the direct borrower of the remainder of these loans (U.S. $6,636,919,000). The outstanding amount of the portion of these loans as to which the Federal Government is not the direct obligor is not included in the total of this table IV, but rather is included in the Table VI.

(7)		Includes revaluation because of the changes in parity of foreign currencies.

(8)		This total is expressed in dollars and differs from the addition of all items because some items are expressed in other currencies.

E-3

B. Debt of Budget-controlled Agencies and Other External Debt

Table V. External Debt of Budget-controlled Agencies at December 31, 2008
(payable in foreign currencies)


			Dollar Equivalent of
	Dollar Equivalent of		Amount Having an
	Principal Amount		Original Maturity of
Borrower	Outstanding		Less than One Year
	(in millions of dollars)
Federal Electricity Commission	$	4,336.7	$	0.0
PEMEX		5,444.8		0.0


Total External Debt of Budget-controlled Agencies	$	9,781.5	$	0.0

Table VI. Other Public Sector External Debt at December 31, 2008⁽¹⁾
(payable in foreign currencies)


			Dollar Equivalent of
	Dollar Equivalent of		Amount Having an
	Principal Amount		Original Maturity of
Borrower	Outstanding		Less than One Year
	(in millions of dollars)
Financial Sector	$	7,160.7	$	1,275.3
NAFIN		3,275.3		693.3
Banobras		1,941.5		0.0
Bancomext		1,388.7		582.0
SHF		555.2		0.0
Non-Financial Sector		0.0		0.0


Total	$	7,160.7	$	1,275.3


(1)		This table includes debt of national development banks and certain commercial banks that is guaranteed by Mexico and other public sector debt registered with the Dirección de Deuda Pública, but does not include debt of entities whose finances are not included in the Government’s budget. In addition, private sector debt guaranteed by the Government or other public sector entities is not considered external public sector debt unless and until the guaranty is called. At December 31, 2008, the estimated balance of private sector debt guaranteed by Mexico’s national development banks was U.S. $1.3 million; no private sector debt was guaranteed by the Government at that date.

E-4

United Mexican States 18-KAnnual report (foreign governments)