EXHIBIT 99.D
SUPPLEMENT TO THE DESCRIPTION OF THE REPUBLIC OF SOUTH AFRICA
DATED JULY 26, 2017
The following amends and supplements the Description of the Republic of South Africa in the Annual Report.
The following information is in addition to the information set forth in the first five paragraphs on page 3 of Exhibit 99.E of the Annual Report:
A NOTE ON SEASONALLY ADJUSTED AND ANNUALISED INFORMATION
Some of the figures included in this document have been subject to seasonal adjustment and/or annualisation.
Seasonal adjustment is a method to account for and eliminate the estimated effects of normal seasonal variation from a series of data, so that the effects of other influences on the series can be more clearly recognised and defined. Depending on the nature of the seasonal pattern, seasonal adjustment is accomplished either by the multiplicative method (i.e., each value of a time series is adjusted by dividing by a seasonal index that represents the percentage of the normal value typically observed in that season) or the additive method (i.e., each value of a time series is adjusted by adding or subtracting a quantity that represents the absolute amount by which the value in that season of the year tends to be below or above normal, as estimated from past data).
The aim of annualisation is to reflect what the real growth rate would be if the prevailing growth rate were to be sustained for a year. Annualised information is calculated as the quarterly data multiplied by four, while the annualised growth rates are derived by raising the change in a given quarter from the previous quarter to the power of four.
The information under the heading “Summary Information” on page 3 of Exhibit 99.E of the Annual Report is amended and restated in its entirety as follows:
In the first quarter of 2017, South Africa experienced a contraction in real GDP of 0.7%, following a decrease of 0.3% in the fourth quarter of 2016. Nominal GDP in the first quarter of 2017 was R4,439,581 million, while real GDP in the first quarter of 2017 was R3,072,414 million. (Source: Statistics SA, figures presented on a seasonally adjusted and annualised basis).
In May 2017, the year-on-year change for annual consumer price inflation was 5.4%, compared to 5.3% in April 2017 (Source: Statistics SA).
In the first quarter of 2017, the net current account deficit was R31,260.6 million, compared to a net current account deficit of R63,183.4 million in the first quarter of 2016. The net financial account surplus was R37,564 million, compared to a net financial account surplus of R71,260 million in the first quarter of 2016 (Source: SARB).
In June 2017, the monthly exchange rate of the Rand against the US Dollar was 12.90, compared to 13.27 for the monthly exchange rate for May 2017 (Source: SARB).
In May 2017, the main budget deficit was R16,087 million, compared to the main budget deficit of R17,320 million in May 2016 (Source: SARB).
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The information above is based on preliminary calculations and estimates published by Statistics SA and SARB and may not be directly comparable to the annual data included elsewhere in this Annual Report.
The following summary tables do not purport to be complete and are qualified in their entirety by the more detailed information appearing elsewhere in this document.
The following tables set forth certain summary statistics about the economy of South Africa, public finance and debt of the National Government for the periods indicated.
| | As of and for the year ended December 31, | |
| | 2011 | | 2012 | | 2013 | | 2014 | | 2015 | | 2016 | |
| | Rand (million) (except percentages) | |
The Economy | | | | | | | | | | | | | |
Gross Domestic Product (GDP) | | | | | | | | | | | | | |
Nominal GDP(1) | | 3,023,659 | | 3,253,970 | | 3,549,153 | | 3,812,607 | | 4,013,592 | | 4,336,988 | |
Real GDP(2) | | 2,838,258 | | 2,901,076 | | 2,973,292 | | 3,023,826 | | 3,063,101 | | 3,071,658 | |
Real % change from prior year | | 3.2 | % | 2.2 | % | 2.5 | % | 1.7 | % | 1.3 | % | 0.3 | % |
Change in per capita earnings (%)(3) | | 3.5 | % | (0.3 | )% | 1.0 | % | (0.1 | )% | 1.0 | % | (1.3 | )% |
Total merchandise exports | | 719,552 | | 751,332 | | 867,021 | | 942,826 | | 970,667 | | 1,053,628 | |
Unemployment rate (%) | | 24.8 | % | 24.9 | % | 24.7 | % | 25.1 | % | 25.3 | % | 26.7 | % |
Balance of trade (Rand billion)(6) | | 49.2 | | (36.8 | ) | (72.7 | ) | (64.2 | ) | (38.0 | ) | 14.5 | |
Balance of payments | | | | | | | | | | | | | |
Current account | | (66,820 | ) | (166,710 | ) | (207,886 | ) | (202,6017 | ) | (177,897 | ) | (141,596 | ) |
Financial account | | 90,271 | | 201,502 | | 179,616 | | 246,795 | | 204,400 | | 163,131 | |
Change in gross gold and other foreign reserves | | 107 193 | | 33,123 | | (89,247 | ) | (48,335 | ) | 145,369 | | 66,070 | |
Rand/Dollar exchange rate (average) | | 7.26 | | 8.21 | | 9.65 | | 10.84 | | 12.75 | | 14.70 | |
Consumer prices (2016/12=100) | | 92.6 | | 97.8 | | 103.4 | | 109.7 | | 114.7 | | 97.8 | |
Producer prices (2016/12=100)(7) | | N/A | | 100 | | 106 | | 113.9 | | 118.0 | | 97.8 | |
Average monthly yields for listed National Government debt securities 5-10 yrs | | 8.01 | | 6.50 | | 7.73 | | 7.39 | | 8.82 | | 8.69 | |
Average monthly yields for listed National Government debt securities > 10 yrs | | 8.38 | | 8.51 | | 8.32 | | 7.84 | | 9.34 | | 8.95 | |
| | As of and for the fiscal year ended March 31, | |
| | 2011 | | 2012 | | 2013 | | 2014 | | 2015 | | 2016 | | 2017(5) | |
| | | | | | | | | | | | | | | |
Main Government Revenue | | 672,751.5 | | 745,291.3 | | 800,142.2 | | 887,366.2 | | 965,456.9 | | 1,076,234 | | 1,136,891 | |
% of GDP(1) | | 23.8 | % | 24.2 | % | 24.1 | % | 24.5 | % | 25.0 | % | 26.3 | % | 25.8 | % |
Main Government Expenditure | | 805,979.1 | | 889,911.5 | | 965,495.6 | | 1,047,759 | | 1,131,900 | | 1,244,623 | | 1,307,423 | |
% of GDP(1) | | 28.5 | % | 28.9 | % | 29.1 | % | 28.9 | % | 29.3 | % | 30.5 | % | 29.6 | % |
Main Budget Deficit | | (133,227.7 | ) | (144,620.2 | ) | (165,353.3 | ) | (160,392.4 | ) | (166,443.2 | ) | (168,388.5 | ) | (170,531.6 | ) |
% of GDP(1) | | (4.7 | )% | (4.7 | )% | (5.0 | )% | (4.4 | )% | (4.3 | )% | (4.1 | )% | 3.9 | % |
Net borrowing requirement | | (133,227.7 | ) | (144,620.2 | ) | (165,353.3 | ) | (160,392.4 | ) | (166,443.2 | ) | (168,388.5 | ) | 170,531.6 | |
Change in cash and other balances(4) | | (41,354.7 | ) | (21,741.4 | ) | 29,033.1 | | (12,346.4 | ) | (6,548.8 | ) | 14,047 | | (19,168,537 | ) |
Notes:
N/A = not available
(1) At market prices.
(2) At constant 2010 prices.
(3) Real growth rate in per capita earnings, at constant 2010 prices.
(4) The total debt of National Government (net) is calculated with due account of the bank balances of the National Revenue Fund (balances of National Government’s accounts with the SARB and the Tax and Loans Accounts with commercial banks).
(5) The revised estimates for fiscal year 2017, as reflected in the 2017 Budget (February 2017).
(6) Total Trade figures from 2013 onwards include trade with Botswana, Lesotho, Namibia and Swaziland (BLNS countries).
(7) Due to a rebasing in 2012, figures prior to 2012 are not available.
Source: National Treasury, SARB and Statistics SA.
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The estimates included in this Annual Report are based on the 1993 System of National Accounts (SNA) published by the United Nations in cooperation with other international organizations. This means that the methodology, concepts and classifications are in accordance with the latest guidelines of an internationally agreed system of national accounts. The estimates of real GDP are expressed in terms of a 2010 base year. Revision of the estimates for all components of the national accounts is done from time to time based on the availability of data.
Statistics South Africa (Stats SA), who compiles the expenditure side of national accounts, has rebased certain GDP estimates in the Statistical Release, P0441, Gross Domestic Product, Third Quarter 2014 dated November 25, 2014 in terms of a 2010 base year.
The following information is in addition to the information set forth in paragraph four under the heading “Republic of South Africa—Government and Political Parties—Presidential Developments” on page 10 of Exhibit 99.E of the Annual Report:
On October 10, 2016, the SCA decided to hear oral arguments from President Jacob Zuma’s legal team about the need to appeal a North Gauteng High Court ruling that a 2009 decision by former national director of public prosecutions, Mokotedi Mpshe, to drop the 783 corruption charges against President Jacob Zuma was irrational. In April 2017, the SCA acceded to the DA’s request to consolidate the arguments from both the National Prosecuting Authority (NPA) and President Jacob Zuma into a single hearing. A date for the hearing has not been set by the SCA.
The following information shall precede the information set forth in the first paragraph under the heading “Republic of South Africa—Government and Political Parties—Recent Developments” starting on page 11 of Exhibit 99.E of the Annual Report:
The political risk environment has increased in volatility as a result of a number of factors, including weak economic conditions and the status of public finances in South Africa, Zuma Administration policy regarding fiscal, economic and social matters, actual or perceived changes in institutional governance and speculation regarding future ANC leadership.
The third paragraph under the heading “Republic of South Africa—Government and Political Parties—Recent Developments” starting on page 11 of Exhibit 99.E of the Annual Report is to be amended and restated in its entirety as follows:
At the beginning of 2016, the Public Protector, Ms. Thuli Madonsela, received three complaints on “state capture” in connection with alleged improper and unethical conduct relating to the appointments of Cabinet Ministers, Directors and award of state contacts and other benefits to businesses owned by a certain wealthy family. The allegations were that the President and other state functionaries violated the Executive Ethics Code by allowing the family to approach the deputy finance minister with an offer of the post of the Minister of Finance and Ms. Vyntjie Mentor with an offer of the post of Minister of Public Enterprises in exchange for money or other favors. In addition, there were allegations that this family may have benefitted improperly from the award of tenders by state owned entities. On November 2, 2016, the report entitled “State of Capture” (the Public Protector Report), compiled by Ms. Madonsela, was published following the withdrawal by the President of his application to interdict the release thereof. The Public Protector made observation and issued the following remedial action: that the President appoint, within 30 days, a commission of inquiry headed by a judge solely selected by the Chief Justice, with the power and resources to investigate the issues raised by the Public Protector Report. By December 2, 2016, the President had not appointed a commission of inquiry within the time prescribed by the State Capture Report. On December 5, 2016, the Democratic Alliance filed an application in the Gauteng High Court — Pretoria seeking a declaratory order that the President has failed to comply with the remedial action. On June 12, 2017, the President filed a conditional counter-application with his answering affidavit to review the remedial action. This matter is due to be heard in the Gauteng High Court — Pretoria on September 12 and 13, 2017. Accordingly, the matters raised in the Public Protector Report remain pending and have been the subject of intense media and political scrutiny by the Democratic Alliance and others. In addition, a number of matters
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related to the Public Protector Report are also currently before a Parliamentary inquiry by the Portfolio Committee of Public Enterprises as well as an investigation by the Special Investigations Unit (SIU) into alleged irregularities at Eskom. The impact of these matters remains unpredictable and, if the allegations in the Public Protector Report are proven or widely perceived to be true, this could have a further negative material impact on South Africa’s governance and economic prospects.
The following information is in addition to the information set forth in paragraph two under the heading “Republic of South Africa—Government and Political Parties—Zuma Administration” on page 12 of Exhibit 99.E of the Annual Report:
On March 31, 2017, President Zuma made changes to his cabinet by removing certain ministers and deputy ministers and replacing them with new ministers and deputy ministers, with other ministers changing portfolios. Significantly, Mr Pravin Gordhan was removed as Minister of Finance and replaced by Mr Malusi Gigaba while his deputy, Mr Mcebisi Jonas, was also removed and replaced by Mr Sfiso Buthelezi. President Zuma also appointed new ministers to the following portfolios: Energy; Transport; Police; Public Works; Sports and Recreation; Tourism; Public Service and Administration; Home Affairs; and Communications. In addition, the President also appointed new deputy ministers to the following portfolios: Public Service and Administration; Public Enterprises; Arts and Culture; Trade and Industry; Communications; Tourism; Police; Telecommunications and Postal Services; and Small Business Development. In part as a result of these cabinet changes, South Africa’s sovereign credit rating was downgraded. See “National Government Debt—Summary of External National Government Debt”.
On April 4, 2017, the DA brought an urgent application before the Pretoria High Court to have President Zuma’s removal from office of Mr Pravin Gordhan and his deputy Mr Mcebisi Jonas reviewed and declared unconstitutional. On April 4, 2017, the Court ordered President Zuma to furnish all documents and electronic records relating to the decision to remove Mr Gordhan and Mr Jonas. On April 10, 2017, the President applied for leave to appeal the judgment and order of the Pretoria High Court, which the Court granted on June 2, 2017. The matter is currently pending before the Supreme Court of Appeal.
The following information is in addition to the information set forth in paragraph five under the heading “Public Finance—Public Enterprises” on page 117 of Exhibit 99.E of the Annual Report:
The net income/net loss of some of the more significant public enterprises over the last four fiscal years is set out below.
| | 2012/13 | | 2013/14 | | 2014/15 | | 2015/16 | |
| | Rand (million) | |
Net Income/(Loss) | | | | | | | | | |
Eskom | | 5,183 | | 7,089 | | 3,618 | | 4,617 | |
SANRAL | | 1,008 | | (2,839 | ) | (1,062 | ) | (954 | ) |
TCTA | | 1,646 | | (1,977 | ) | (190 | ) | (1,722 | ) |
DBSA | | (826 | ) | 787 | | 1,214 | | 2,577 | |
IDC | | 1,978 | | 1,922 | | 1,653 | | 223 | |
Land Bank | | 304 | | 360 | | 311 | | 182 | |
Denel | | 71 | | 194 | | 270 | | 395 | |
PRASA | | (157 | ) | 285 | | (1,181 | ) | (792 | ) |
SAA | | (1,169 | ) | (2,559 | ) | (5,639 | ) | (1,473 | ) |
Transnet | | 4,340 | | 5,171 | | 5,302 | | 393 | |
SABC | | (139 | ) | 358 | | (395 | ) | (412 | ) |
SA Express | | 1 | | (10 | ) | (132 | ) | N/A | |
SAPO | | (179 | ) | (396 | ) | (1,422 | ) | (1,115 | ) |
SARB | | (1,266 | ) | (1,317 | ) | 627 | | 1,383 | |
Telkom | | 3,590 | | 11,532 | | 606 | | 2,321 | |
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Note:
N/A = not available
Source: National Treasury.
The following information is in addition to the information set forth in paragraph eleven under the heading “Public Finance—Public Enterprises—South African Post Office (SAPO)” on page 125 of Exhibit 99.E of the Annual Report:
Denel
Denel is a state-owned aerospace and defence company (100% owned by the South African Government through the Department of Public Enterprises). The company is legally and financially autonomous and operates under commercial law. Denel operates through several business units, including Denel Aerostructures, Denel Land systems and Denel Aviation. Denel derives revenue from local and foreign markets and had solid revenue growth of 40.6% from R5.9 billion in 2014/15 to R8.2 billion in 2015/16. This revenue growth was due primarily to strong export sales. In addition, Denel acquired Land System South Africa (LSSA) from BAE Systems, which also contributed to 2015/16 revenue.
Denel’s net profit for the year amounted to R395 million (2014/2015: R270 million), representing 46.3% growth from the prior year. Finance costs partly offset some of this positive performance, increasing by 59% to R280 million (2014/15: R176 million), a result of aggressive growth in borrowings. Denel’s balance sheet consists of net equity of R2.3 billion (2015: R1.9 billion). Denel has a positive liquidity position in that its short term assets exceed its short term liabilities with a current ratio of 1.6 times. However, Denel’s short term borrowings remain high and are generally rolled over at maturity. Denel’s cumulative borrowing requirement over the three year forecast period amounts to R3.6 billion in the 2017 financial year, which will decline gradually to approximately R1.3 billion by the end of the 2021 financial year.
SA Express
SA Express is a state-owned regional airline (100% owned by the South African Government through the Department of Public Enterprises). The company is legally and financially autonomous and operates under commercial law. SA Express operates short- and medium-haul routes connecting primary and secondary domestic and regional destinations in South Africa and neighbouring countries.
SA Express derives revenue from passenger ticket sales and cargo transport services. SA Express’ revenue increased by 1% to R2.5 billion for the 2014/15 fiscal year (2013/14: R2.56 billion), this was driven by the increase in average prices despite the challenging global economic conditions. SA Express’ net loss for the 2014/15 year amounted to R132 million, 1,220% decline from the prior year loss of R10 million. There was an increase in finance costs due to increased borrowings.
The balance sheet of the company consists of net equity of R56 million (2014: R188 million). SA Express’ liquidity position decreased to 0.60 times in the 2014/15 financial year from 0.80 times in 2013/14 as a result of faster increases in current liabilities relative to current assets.
The capital expenditure of 2014/15 amounted to R110 million from R180 million in 2013/14.
The section under the heading “National Government Debt—Summary of External National Government Debt” on page 127 of Exhibit 99.E of the Annual Report is hereby deleted in its entirety and replaced by the following:
National Government borrows in the global market to partly finance its foreign currency commitments and to maintain a benchmark in major currencies. As part of these benchmarks, a limit of 15% is placed on the
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share of foreign currency debt as percentage of total debt. South Africa’s external National Government debt as a percentage of total debt remains low. External debt as a percentage of total gross loan debt declined marginally from 10.1% to 9.7% as of March 31, 2016 and 2017, respectively. This was mainly due to a relatively stronger Rand against major trading currencies when compared to the preceding period. For example, the Rand traded at approximately R14.7 against the US dollar in March 2016 as compared with R13.3 against the US dollar in March 2017.
The following table sets forth a breakdown of National Government external debt by currency as of March 31 in each of the years 2013 through 2017.
External Debt by Currency
| | As of March 31, | |
Currency in which debt is held | | 2013 | | 2014 | | 2015 | | 2016 | | 2017 | |
| | (millions) | |
Euro | | 2,544 | | 1,126 | | 1,488 | | 1,383 | | 5,716 | |
Pound Sterling | | 83 | | 62 | | 44 | | 26 | | 19 | |
Swedish Krona | | 4,858 | | 4,164 | | 3,469 | | 2,775 | | 2,081 | |
US Dollars | | 8,768 | | 10,696 | | 11,125 | | 11,055 | | 14,622 | |
Yen | | 60,800 | | 60,706 | | 60,612 | | 60,517 | | 60,423 | |
Total (in Rand)(1) | | 124,555 | | 143,659 | | 166,831 | | 199,607 | | 212,754 | |
Note:
(1) The conversion into Rand is calculated at the exchange rate published by the SARB on the last business day of the fiscal year.
Source: National Treasury.
In 2016/17, foreign-currency issuance increased by US$2.1 billion (R29 billion) to US$3.6 billion (R52 billion) compared with the 2016 Budget estimate. A total of US$1.23 billion (R18 billion) was raised in April 2016 to cover the postponed 2015/16 issuance. Foreign loans of US$3 billion were issued in September 2016, made up of US$2.3 billion new money and US$710 million in bond exchanges. Of the US$2.3 billion, US$1.2 billion will be used to cover government’s foreign-exchange commitments in 2016/17. The balance will be used as prefunding to manage foreign loan redemptions of US$3.3 billion in 2019/20.
South Africa’s ability to raise foreign debt currency on favourable terms is impacted by its credit ratings, which are subject to change. In 2016/17, South Africa maintained the investment grade credit rating assigned by all four of the solicited rating agencies, responding to recovering economic growth, adherence to the expenditure ceiling and the solid strength of the institutions despite the volatile political environment. On November 25, 2016, Fitch re-affirmed South Africa’s rating at ‘BBB-’, but revised the outlook to negative from stable citing rising political risks, spending pressures and rising exposures from contingent liabilities. On the same day, Moody’s left South Africa’s rating of ‘Baa2’ unchanged, citing that the government has consistently met its expenditure ceiling and is close to bringing the budget balance into surplus. On December 2, 2016, S&P affirmed South Africa’s foreign currency credit rating at ‘BBB-’, while lowering South Africa’s local currency rating to ‘BBB’ from ‘BBB+’ (two notches above sub-investment grade). Furthermore, on December 15, 2016, Rating and Investment Information, Inc. downgraded South Africa’s foreign currency credit rating to ‘BBB’ from ‘BBB+’(two notches above speculative grade) and lowered the local currency rating to ‘BBB+’ from ‘A3’(three notches above speculative grade).
Following the cabinet reshuffle in March 2017 (see “Republic of South Africa—Government and Political Parties—Zuma Administration”), two rating agencies (S&P and Fitch) reacted by downgrading South Africa’s sovereign credit ratings on April 3 and 7, 2017, respectively, to sub-investment grade. On April 3, 2017, S&P downgraded South Africa’s foreign and local currency ratings by one notch, thus putting its foreign currency rating at ‘BB+’, which is sub-investment grade, and its local currency rating to ‘BBB’ one notch above sub-investment grade and maintained the negative outlook. On the same day, Moody’s placed South Africa’s credit rating on a review for downgrade. On April 7, 2017, Fitch followed S&P’s action,
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downgrading the county’s foreign and local credit rating by one notch to ‘BB+’, which is sub-investment grade, and revised the outlook to stable from negative.
On June 1, 2017, Fitch affirmed the country’s long-term foreign and local currency rating at ‘BB+’ and maintained the stable outlook, citing low GDP growth trends, sizeable contingent liabilities, weak business confidence and deteriorating governance in state-owned companies. On June 2, 2017, S&P affirmed South Africa’s credit rating at ‘BB+’ and maintained the negative outlook, citing that the pace of economic growth remains weak posing risks to the pace of fiscal consolidation with rising contingent liabilities. On June 9, 2017, Moody’s downgraded the country’s long-term foreign currency rating to ‘Baa3’ (one notch above sub-investment grade) from ‘Baa2’, the outlook remained unchanged at negative, citing the weakening of South Africa’s institutional framework, reduced growth prospects reflecting policy uncertainty and slow progress in the structural reforms and the continued erosion of the fiscal strength due to rising public debt and contingent liabilities.
Despite weak macroeconomic conditions and heightened political environment, the following factors still remain credit rating strengths for South Africa:
· SARB’s strong independence and commitment to containing inflation;
· The country has a wealth of natural resources and has well developed industries including automobile sector;
· The narrowing current account deficit together with the flexible exchange rate that may contain pressures should external financing dry up;
· Government’s limited reliance of foreign-currency financing that is also helping to contain external pressures;
· Liquid capital market benefiting from the matured regulatory environment underpins stable funding;
· Most of SA’s economic development indicators are in line with the ‘BB’ median category; and
· World Bank’s governance indicator, at 59th percentile, is above the ‘BB’ median and more in line with ‘BBB’ median, although the rating agencies note this may not adequately reflect governance issues that were highlighted in the recent Public Protector Report and that governance may deteriorate as a result of cabinet reshuffle.
The section under the heading “National Government Debt—Tables and Supplementary Information” starting on page 131 of Exhibit 99.E of the Annual Report is to be amended and restated in its entirety as follows:
Tables and Supplementary Information
Funded Internal Debt of the Republic of South Africa (Domestic Marketable Bonds — in Rand) as of March 31, 2017
Interest Rate | | Date of Issue | | Maturity Date | | Nominal Amount | |
| | | | | | | |
8.25% | | May 7, 2004 | | September 15, 2017 | | 45,631,933,836 | |
8.00% | | August 13, 2004 | | December 21, 2018 | | 44,994,000,000 | |
0.00% | | April 18, 1996 | | September 30, 2019 | | 150,000,000 | |
7.25% | | June 20, 2005 | | January 15, 2020 | | 57,549,603,937 | |
6.75% | | September 1, 2006 | | March 31, 2021 | | 55,624,709,007 | |
2.75% | | June 17, 2010 | | January 31, 2022 | | 43,079,014,167 | (1) |
7.75% | | June 22, 2012 | | February 28, 2023 | | 64,674,352,549 | |
5.5% | | May 30, 2001 | | December 7, 2023 | | 80,644,231,722 | (1) |
2% | | July 4, 2012 | | January 31, 2025 | | 40,244,411,367 | (1) |
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Interest Rate | | Date of Issue | | Maturity Date | | Nominal Amount | |
10.5% | | May 22, 1998 | | December 21, 2025 | | 59,669,545,130 | (2) |
10.5% | | May 22, 1998 | | December 21, 2026 | | 59,669,545,130 | (2) |
10.5% | | May 22, 1998 | | December 21, 2027 | | 59,669,545,130 | (2) |
2.6% | | September 27, 2007 | | March 31, 2028 | | 52,197,165,318 | (1) |
1.88% | | July 27, 2016 | | March 31, 2029 | | 7,437,435,105 | |
8.00% | | October 4, 2013 | | January 31, 1930 | | 96,033,110,422 | |
7.00% | | May 28, 2010 | | February 28, 2031 | | 101,089,041,226 | |
8.25% | | June 13, 2014 | | March 31, 2032 | | 70,924,793,914 | |
1.875% | | July 15, 2015 | | February 28, 2033 | | 15,449,380,415 | |
3.45% | | August 15, 2003 | | December 7, 2033 | | 76,632,489,697 | (1) |
8.875% | | July 17, 2015 | | February 28, 2035 | | 47,749,216,032 | |
6.25% | | July 21, 2006 | | March 31, 2036 | | 88,823,552,145 | |
8.50% | | July 19, 2013 | | January 31, 2037 | | 96,959,639,317 | |
2.25% | | July 4, 2012 | | January 31, 2038 | | 39,709,880,059 | (1) |
9.00% | | September 11, 2015 | | January 31, 2040 | | 38,610,412,494 | |
6.50% | | June 4, 2010 | | February 28, 2041 | | 85,354,351,411 | |
8.75% | | July 18, 2014 | | January 31, 2043 | | 26,890,703,394 | (2) |
8.75% | | July 18, 2014 | | January 31, 2044 | | 26,890,703,394 | (2) |
8.75% | | July 18, 2014 | | January 31, 2045 | | 26,890,703,394 | (2) |
2.5% | | July 17, 2013 | | March 31, 2046 | | 35,848,913,597 | (1) |
8.75% | | June 29, 2012 | | February 28, 2047 | | 45,062,283,632 | (2) |
8.75% | | June 29, 2012 | | February 28, 2048 | | 45,062,283,632 | (2) |
8.75% | | June 29, 2012 | | February 28, 2049 | | 45,062,283,632 | (2) |
2.5% | | July 11, 2012 | | December 31, 2049 | | 17,125,730,973 | (1)(2) |
2.5% | | July 11, 2012 | | December 31, 2050 | | 17,125,730,973 | (1)(2) |
2.5% | | July 11, 2012 | | December 31, 2051 | | 17,125,730,973 | (1)(2) |
4.50% | | December 1, 1986 | | Perpetual | | 10,410 | |
5.00% | | December 1, 1986 | | Perpetual | | 57,935 | |
Variable | | May 24, 2004 | | Various | | 11,197,835,338 | |
| | | | | | | |
Total Funded Internal Debt | | | | | | 1,742,854,330,805 | |
Notes:
(1) Inflation-linked bonds have been revalued using the relevant “reference CPI”.
(2) Bonds with three maturity dates on which one third of the outstanding amount of the bond redeems.
Source: National Treasury.
Floating Internal Debt of the Republic of South Africa (Treasury Bills — in Rand) As of March 31, 2017
Interest Rate | | Date of Issue | | Maturity Date | | Nominal Amount | |
| | | | | | | |
0.00% | | Various Dates | | On Request | | 72,588,182 | |
7.86% | | April 6, 2016 | | April 5, 2017 | | 1,603,000,000 | |
7.90% | | April 13, 2016 | | April 12, 2017 | | 1,603,000,000 | |
7.83% | | April 20, 2016 | | April 19, 2017 | | 1,603,000,000 | |
7.80% | | April 28, 2016 | | April 27, 2017 | | 1,603,000,000 | |
7.80% | | May 4, 2016 | | May 3, 2017 | | 1,603,000,000 | |
7.86% | | May 11, 2016 | | May 10, 2017 | | 1,603,000,000 | |
7.99% | | May 18, 2016 | | May 17, 2017 | | 1,603,000,000 | |
7.97% | | May 25, 2016 | | May 24, 2017 | | 1,603,000,000 | |
8.04% | | June 1, 2016 | | May 31, 2017 | | 1,603,000,000 | |
8.02% | | June 8, 2016 | | June 7, 2017 | | 1,603,000,000 | |
7.95% | | June 15, 2016 | | June 14, 2017 | | 1,603,000,000 | |
7.97% | | June 22, 2016 | | June 21, 2017 | | 1,603,000,000 | |
8.07% | | June 29, 2016 | | June 28, 2017 | | 1,603,000,000 | |
7.97% | | July 6, 2016 | | July 5, 2017 | | 1,603,000,000 | |
7.82% | | July 6, 2016 | | April 5, 2017 | | 1,710,000,000 | |
7.94% | | July 13, 2016 | | July 12, 2017 | | 1,603,000,000 | |
7.83% | | July 13, 2016 | | April 12, 2017 | | 1,710,000,000 | |
7.97% | | July 20, 2016 | | July 19, 2017 | | 1,603,000,000 | |
7.87% | | July 20, 2016 | | April 19, 2017 | | 1,710,000,000 | |
7.84% | | July 27, 2016 | | July 26, 2017 | | 1,603,000,000 | |
7.78% | | July 27, 2016 | | April 26, 2017 | | 1,710,000,000 | |
7.85% | | August 3, 2016 | | August 2, 2017 | | 1,603,000,000 | |
7.78% | | August 3, 2016 | | May 3, 2017 | | 1,710,000,000 | |
7.79% | | August 10, 2016 | | August 9, 2017 | | 1,603,000,000 | |
7.76% | | August 10, 2016 | | May 10, 2017 | | 1,710,000,000 | |
7.76% | | August 17, 2016 | | August 16, 2017 | | 1,603,000,000 | |
7.74% | | August 17, 2016 | | May 17, 2017 | | 1,710,000,000 | |
8
Interest Rate | | Date of Issue | | Maturity Date | | Nominal Amount | |
7.75% | | August 24, 2016 | | August 23, 2017 | | 1,603,000,000 | |
7.70% | | August 24, 2016 | | May 24, 2017 | | 1,710,000,000 | |
7.90% | | August 31, 2016 | | August 30, 2017 | | 1,603,000,000 | |
7.92% | | August 31, 2016 | | May 31, 2017 | | 1,710,000,000 | |
7.94% | | September 7, 2016 | | September 6, 2017 | | 1,603,000,000 | |
7.90% | | September 7, 2016 | | June 7, 2017 | | 1,710,000,000 | |
7.92% | | September 14, 2016 | | September 13, 2017 | | 1,603,000,000 | |
7.81% | | September 14, 2016 | | June 14, 2017 | | 1,710,000,000 | |
7.90% | | September 21, 2016 | | September 20, 2017 | | 1,750,000,000 | |
7.79% | | September 21, 2016 | | June 21, 2017 | | 1,860,000,000 | |
7.73% | | September 28, 2016 | | September 27, 2017 | | 1,750,000,000 | |
7.68% | | September 28, 2016 | | June 28, 2017 | | 1,860,000,000 | |
7.76% | | October 5, 2016 | | October 4, 2017 | | 1,750,000,000 | |
7.73% | | October 5, 2016 | | July 5, 2017 | | 1,860,000,000 | |
7.64% | | October 5, 2016 | | April 5, 2017 | | 2,110,000,000 | |
7.75% | | October 12, 2016 | | October 11, 2017 | | 1,750,000,000 | |
7.71% | | October 12, 2016 | | July 12, 2017 | | 1,860,000,000 | |
7.62% | | October 12, 2016 | | April 12, 2017 | | 2,110,000,000 | |
7.77% | | October 19, 2016 | | October 18, 2017 | | 1,750,000,000 | |
7.84% | | October 19, 2016 | | July 19, 2017 | | 1,860,000,000 | |
7.62% | | October 19, 2016 | | April 19, 2017 | | 2,110,000,000 | |
7.76% | | October 26, 2016 | | October 25, 2017 | | 1,750,000,000 | |
7.80% | | October 26, 2016 | | July 26, 2017 | | 1,860,000,000 | |
7.66% | | October 26, 2016 | | April 26, 2017 | | 2,110,000,000 | |
7.95% | | November 2, 2016 | | November 1, 2017 | | 1,750,000,000 | |
7.86% | | November 2, 2016 | | August 2, 2017 | | 1,860,000,000 | |
7.68% | | November 2, 2016 | | May 3, 2017 | | 2,110,000,000 | |
7.82% | | November 9, 2016 | | November 8, 2017 | | 1,750,000,000 | |
7.79% | | November 9, 2016 | | August 9, 2017 | | 1,860,000,000 | |
7.73% | | November 9, 2016 | | May 10, 2017 | | 2,110,000,000 | |
7.95% | | November 16, 2016 | | November 15, 2017 | | 1,750,000,000 | |
7.89% | | November 16, 2016 | | August 16, 2017 | | 1,860,000,000 | |
7.77% | | November 16, 2016 | | May 17, 2017 | | 2,110,000,000 | |
8.00% | | November 23, 2016 | | November 22, 2017 | | 1,750,000,000 | |
7.91% | | November 23, 2016 | | August 23, 2017 | | 1,860,000,000 | |
7.81% | | November 23, 2016 | | May 24, 2017 | | 2,110,000,000 | |
8.01% | | November 30, 2016 | | November 29, 2017 | | 1,750,000,000 | |
7.89% | | November 30, 2016 | | August 30, 2017 | | 1,860,000,000 | |
7.80% | | November 30, 2016 | | May 31, 2017 | | 2,110,000,000 | |
7.99% | | December 7, 2016 | | December 6, 2017 | | 1,750,000,000 | |
7.99% | | December 7, 2016 | | September 6, 2017 | | 1,050,000,000 | |
7.83% | | December 7, 2016 | | June 7, 2017 | | 2,084,000,000 | |
8.04% | | December 14, 2016 | | December 13, 2017 | | 1,700,000,000 | |
8.00% | | December 14, 2016 | | September 13, 2017 | | 1,860,000,000 | |
7.88% | | December 14, 2016 | | June 14, 2017 | | 2,110,000,000 | |
8.15% | | December 21, 2016 | | December 20, 2017 | | 1,750,000,000 | |
8.11% | | December 21, 2016 | | September 20, 2017 | | 1,860,000,000 | |
7.98% | | December 21, 2016 | | June 21, 2017 | | 2,025,000,000 | |
8.20% | | December 28, 2016 | | December 27, 2017 | | 1,750,000,000 | |
8.15% | | December 28, 2016 | | September 27, 2017 | | 1,860,000,000 | |
8.00% | | December 28, 2016 | | June 28, 2017 | | 2,110,000,000 | |
8.18% | | January 4, 2017 | | January 3, 2018 | | 1,750,000,000 | |
8.11% | | January 4, 2017 | | October 4, 2017 | | 1,860,000,000 | |
8.01% | | January 4, 2017 | | July 5, 2017 | | 2,110,000,000 | |
7.79% | | January 4, 2017 | | April 5, 2017 | | 3,550,000,000 | |
8.02% | | January 11, 2017 | | January 10, 2018 | | 1,750,000,000 | |
7.93% | | January 11, 2017 | | October 11, 2017 | | 1,860,000,000 | |
7.86% | | January 11, 2017 | | July 12, 2017 | | 2,110,000,000 | |
7.67% | | January 11, 2017 | | April 12, 2017 | | 3,550,000,000 | |
7.87% | | January 18, 2017 | | January 17, 2018 | | 1,750,000,000 | |
7.82% | | January 18, 2017 | | October 18, 2017 | | 1,860,000,000 | |
7.73% | | January 18, 2017 | | July 19, 2017 | | 2,110,000,000 | |
7.59% | | January 18, 2017 | | April 19, 2017 | | 3,550,000,000 | |
7.82% | | January 25, 2017 | | January 24, 2018 | | 1,750,000,000 | |
7.77% | | January 25, 2017 | | October 25, 2017 | | 1,860,000,000 | |
7.68% | | January 25, 2017 | | July 26, 2017 | | 2,110,000,000 | |
7.53% | | January 25, 2017 | | April 26, 2017 | | 3,550,000,000 | |
7.80% | | February 1, 2017 | | January 31, 2018 | | 1,750,000,000 | |
7.77% | | February 1, 2017 | | November 1, 2017 | | 1,860,000,000 | |
7.66% | | February 1, 2017 | | August 2, 2017 | | 2,110,000,000 | |
7.50% | | February 1, 2017 | | May 3, 2017 | | 3,550,000,000 | |
7.78% | | February 8, 2017 | | February 7, 2018 | | 1,750,000,000 | |
7.76% | | February 8, 2017 | | November 8, 2017 | | 1,860,000,000 | |
7.64% | | February 8, 2017 | | August 9, 2017 | | 2,110,000,000 | |
9
Interest Rate | | Date of Issue | | Maturity Date | | Nominal Amount | |
7.45% | | February 8, 2017 | | May 10, 2017 | | 2,555,000,000 | |
7.78% | | February 15, 2017 | | February 14, 2018 | | 1,750,000,000 | |
7.74% | | February 15, 2017 | | November 15, 2017 | | 1,860,000,000 | |
7.64% | | February 15, 2017 | | August 16, 2017 | | 2,110,000,000 | |
7.40% | | February 15, 2017 | | May 17, 2017 | | 2,555,000,000 | |
7.70% | | February 22, 2017 | | February 21, 2018 | | 1,750,000,000 | |
7.65% | | February 22, 2017 | | November 22, 2017 | | 1,860,000,000 | |
7.59% | | February 22, 2017 | | August 23, 2017 | | 2,110,000,000 | |
7.36% | | February 22, 2017 | | May 24, 2017 | | 2,555,000,000 | |
7.66% | | March 1, 2017 | | February 28, 2018 | | 1,750,000,000 | |
7.64% | | March 1, 2017 | | November 29, 2017 | | 1,860,000,000 | |
7.53% | | March 1, 2017 | | August 30, 2017 | | 2,110,000,000 | |
7.32% | | March 1, 2017 | | May 31, 2017 | | 2,555,000,000 | |
7.64% | | March 8, 2017 | | March 7, 2018 | | 1,750,000,000 | |
7.62% | | March 8, 2017 | | December 6, 2017 | | 1,860,000,000 | |
7.59% | | March 8, 2017 | | September 6, 2017 | | 2,110,000,000 | |
7.30% | | March 8, 2017 | | June 7, 2017 | | 2,555,000,000 | |
7.69% | | March 15, 2017 | | March 14, 2018 | | 1,750,000,000 | |
7.67% | | March 15, 2017 | | December 13, 2017 | | 1,860,000,000 | |
7.61% | | March 15, 2017 | | September 13, 2017 | | 2,110,000,000 | |
7.39% | | March 15, 2017 | | June 14, 2017 | | 2,555,000,000 | |
7.58% | | March 22, 2017 | | March 21, 2018 | | 1,750,000,000 | |
7.57% | | March 22, 2017 | | December 20, 2017 | | 1,860,000,000 | |
7.63% | | March 22, 2017 | | September 20, 2017 | | 2,110,000,000 | |
7.37% | | March 22, 2017 | | June 21, 2017 | | 2,555,000,000 | |
7.56% | | March 29, 2017 | | March 28, 2018 | | 1,750,000,000 | |
7.55% | | March 29, 2017 | | December 27, 2017 | | 1,860,000,000 | |
7.60% | | March 29, 2017 | | September 27, 2017 | | 2,110,000,000 | |
7.39% | | March 29, 2017 | | June 28, 2017 | | 2,084,400,000 | |
| | | | | | | |
Total Floating Internal Debt | | | | | | 250,042,988,182 | (1) |
Note:
(1) Excludes borrowing from the Corporation for Public Deposits to the amount of R27.1 billion.
Source: National Treasury.
Funded External Debt of the Republic of South Africa as of March 31, 2017
Interest Rate | | Date of Issue | | Maturity Date | | Nominal Amount | |
Capital market loans | | | | | | | |
8.50% | | June 23, 1997 | | June 23, 2017 | | $ | 140,683,000 | |
2.50% | | February 2, 1998 | | May 20, 2021 | | ¥ | 423,360,000 | |
3.80% | | June 1, 2000 | | June 1, 2020 | | ¥ | 30,000,000,000 | |
3.80% | | June 12, 2001 | | September 7, 2021 | | ¥ | 30,000,000,000 | |
4.875% | | April 14, 2016 | | April 14, 2026 | | $ | 1,250,000,000 | |
5.875% | | May 30, 2007 | | May 30, 2022 | | $ | 1,000,000,000 | |
6.875% | | May 27, 2009 | | May 27, 2019 | | $ | 1,500,000,000 | |
6.875% | | September 4, 2009 | | May 27, 2019 | | $ | 500,000,000 | |
5.50% | | March 5, 2010 | | September 3, 2020 | | $ | 2,000,000,000 | |
6.25% | | March 8, 2011 | | March 8, 2041 | | $ | 750,000,000 | |
4.665% | | January 17, 2012 | | January 17, 2024 | | $ | 1,500,000,000 | |
5.875% | | September 16, 2013 | | September 16, 2025 | | $ | 2,000,000,000 | |
5.375% | | July 24, 2014 | | July 24, 2044 | | $ | 1,000,000,000 | |
3.750% | | July 24, 2014 | | July 24, 2026 | | $ | 500,000,000 | |
5.0% | | October 12, 2016 | | October 12, 2046 | | $ | 1,000,000,000 | |
4.30% | | October 12, 2016 | | October 12,2028 | | $ | 1,367,112,000 | |
3.903% | | September 24, 2014 | | June 24, 2020 | | $ | 500,000,000 | |
Floating — Non-CIRR | | August 21, 2000 - August 29, 2006 | | January 25, 2008 - July 25, 2017 | | € | 11,383,142.36 | |
5.97% EUR-CIRR Fixed | | August 21, 2000 - August 29, 2006 | | January 25, 2008 - July 25, 2017 | | € | 1,313,022.02 | |
7.32% $-CIRR Fixed | | August 21, 2000 - August 29, 2006 | | January 25, 2008 - July 25, 2017 | | $ | 429,446.40 | |
7.14% CIRR Fixed | | April 17, 2000 - March 5, 2001 | | April 15, 2006 - October 15, 2018 | | $ | 1,240,021.92 | |
4.77% Commercial Fixed | | April 15, 2001 | | April 15, 2009 - October 15, 2018 | | € | 2,280,063.23 | |
5.15% Commercial Fixed | | April 15, 2002 - May 21, 2003 | | April 15, 2009 - October 15, 2018 | | $ | 5,614,384.26 | |
5.63% MC CIRR | | April 15, 2004 - July 17, 2006 | | April 15, 2009 - October 15, 2018 | | € | 7,193,860.91 | |
6.545% Sec-CIRR | | July 21, 2004 - July 22, 2005 | | April 15, 2009 - October 15, 2018 | | £ | 3,737,280.84 | |
5.50% Commercial Fixed | | July 21, 2004 | | April 15, 2009 - October 15, 2018 | | € | 5,431,999.34 | |
4.72% Commercial Fixed | | April 18, 2006 | | April 15, 2009 - October 15, 2018 | | € | 9,164.63 | |
4.23% Commercial Fixed | | December 15, 2008 | | April 15, 2009 - October 15, 2018 | | £ | 33,085.90 | |
4.28% Commercial Fixed | | December 4, 2008 | | April 15, 2009 - October 15, 2018 | | £ | 3,356,517.96 | |
4.61% Commercial Fixed | | July 31, 2008 - April 15, 2010 | | April 15, 2009 - October 15, 2018 | | £ | 1,992,929.49 | |
10
Interest Rate | | Date of Issue | | Maturity Date | | Nominal Amount | |
4.90% Commercial Fixed | | December 15, 2009 | | April 15, 2010 - October 15, 2018 | | £ | 625,106.36 | |
4.92% Commercial Fixed | | April 6, 2010 | | April 15, 2011 - April 15, 2020 | | £ | 972,334.24 | |
5.10% Commercial Fixed | | December 15, 2009 - October 15, 2010 | | April 15, 2011 - April 15, 2020 | | £ | 1,641,607.84 | |
5.25% Commercial Fixed | | March 23, 2011 | | October 15, 2011 - April 15, 2020 | | £ | 1,454,597.73 | |
6.77% MC CIRR | | July 22, 2005 | | April 15, 2009 - October 15, 2018 | | £ | 22,938.19 | |
5.79% Commercial Fixed | | July 15, 2002 - April 15, 2004 | | April 15, 2009 - October 15, 2018 | | $ | 740,199.59 | |
5.97% Commercial Fixed | | October 16, 2006 | | April 15, 2009 - October 15, 2018 | | $ | 321,201.37 | |
5.55% Commercial Fixed | | October 15, 2003 - April 15, 2004 | | April 15, 2009 - October 15, 2018 | | $ | 7,348,628.86 | |
5.315% Commercial Fixed | | April 15, 2009 | | April 15, 2011 - April 15, 2020 | | $ | 64,248.43 | |
5.39% Commercial Fixed | | December 15, 2009 | | April 15, 2010 - October 15, 2018 | | $ | 37,732.14 | |
5.40% Commercial Fixed | | June 22, 2007 - August 19, 2009 | | April 15, 2009 - October 15, 2018 | | $ | 2,118,575.96 | |
5.16% Commercial Fixed | | June 6, 2008 - August 19, 2009 | | April 15, 2009 - October 15, 2018 | | $ | 3,250,314.02 | |
5.61% Commercial Fixed | | December 15, 2009 | | April 15, 2010 - October 15, 2018 | | $ | 24,593.78 | |
5.49% Commercial Fixed | | April 17, 2001 - July 15, 2003 | | April 15, 2009 - October 15, 2018 | | SEK | 87,452,202.11 | |
3.90% Commercial Fixed | | April 15, 2005 - July 22, 2005 | | April 15, 2011 - April 15, 2020 | | SEK | 61,593,286.32 | |
4.30% Commercial Fixed | | October 17, 2005 - January 17, 2006 | | April 15, 2011 - April 15, 2020 | | SEK | 146,447,147.18 | |
3.81% Commercial Fixed | | October 26, 2004 - July 22, 2005 | | April 15, 2009 - October 15, 2018 | | SEK | 105,313,453.38 | |
4.24% Commercial Fixed | | October 17, 2005 - January 16, 2006 | | April 15, 2009 - October 15, 2018 | | SEK | 35,946,452.02 | |
4.57% Commercial Fixed | | April 18, 2006 - October 16, 2006 | | April 15, 2009 - October 15, 2018 | | SEK | 43,455,558.54 | |
5.03% Commercial Fixed | | January 15, 2007 - April 16, 2007 | | April 15, 2009 - October 15, 2018 | | SEK | 11,441,759.49 | |
4.60% Commercial Fixed | | April 18, 2006 - October 16, 2006 | | April 15, 2011 - April 15, 2020 | | SEK | 441,709,819.01 | |
5.05% Commercial Fixed | | January 16, 2007 | | April 15, 2011 - April 15, 2020 | | SEK | 101,856,271.40 | |
5.60% Commercial Fixed | | June 25, 2007 | | April 15, 2011 - April 15, 2020 | | SEK | 201,897,496.16 | |
4.52% Commercial Fixed | | July 21, 2004 - October 17, 2005 | | April 15, 2009 - October 15, 2018 | | € | 79,231.41 | |
4.57% Commercial Fixed | | April 15, 2005 - January 17, 2006 | | April 15, 2011 - April 15, 2020 | | € | 11,381,404.02 | |
4.76% Commercial Fixed | | April 18, 2006 - July 17, 2006 | | April 15, 2011 - April 15, 2020 | | € | 18,275,230.39 | |
5.16% Commercial Fixed | | October 15, 2006 - April 16, 2007 | | April 15, 2009 - October 15, 2018 | | € | 1,927,957.96 | |
5.175% Commercial Fixed | | January 15, 2007 | | April 15, 2011 - April 15, 2020 | | € | 5,688,166.90 | |
6.28% Commercial Fixed | | October 16, 2006 - January 15, 2007 | | April 15, 2009 - October 15, 2018 | | £ | 4,501.14 | |
6.42% Commercial Fixed | | December 15, 2008 | | April 15, 2011 - April 15, 2020 | | $ | 5,049,294.11 | |
6.61% Commercial Fixed | | July 15, 2002 - April 15, 2004 | | April 15, 2009 - October 15, 2018 | | $ | 3,366,106.40 | |
6.65% Commercial Fixed | | June 22, 2007 | | October 15, 2010 - April 15, 2020 | | $ | 20,492,887.69 | |
5.89% Commercial Fixed | | October 23, 2009 - April 15, 2010 | | April 15, 2010 - October 15, 2018 | | $ | 1,700,248.11 | |
5.98% Commercial Fixed | | October 16, 2006 | | October 15, 2010 - April 15, 2020 | | $ | 9,667,746.68 | |
5.515% Commercial Fixed | | July 24, 2007 | | April 15, 2009 - October 15, 2018 | | € | 1,057,614.16 | |
4.93% Commercial Fixed | | April 16, 2007 | | April 15, 2009 - October 15, 2018 | | € | 387,682.97 | |
5.29% Commercial Fixed | | June 25, 2007 - July 24, 2007 | | April 15, 2009 - October 15, 2018 | | SEK | 14,322,134.28 | |
5.09% Commercial Fixed | | April 15, 2009 | | April 15, 2011 - April 15, 2020 | | $ | 98,570.69 | |
5.51% Commercial Fixed | | December 15, 2009 | | April 15, 2011 - April 15, 2020 | | $ | 117,531.13 | |
5.70% Commercial Fixed | | December 15, 2009 - April 15, 2010 | | April 15, 2010 - October 15, 2018 | | $ | 1,854,723.37 | |
5.70% Commercial Fixed | | September 15, 2009 | | April 15, 2011 - April 15, 2020 | | $ | 676,685.02 | |
6.50% Commercial Fixed | | April 16, 2007 | | April 15, 2009 - October 15, 2018 | | £ | 6,730.15 | |
5.35% Commercial Fixed | | October 17, 2011 | | April 15, 2012 - April 15, 2020 | | £ | 1,865,023.87 | |
5.18% Commercial Fixed | | May 15, 2007 - October 15, 2007 | | April 15, 2011 - April 15, 2020 | | € | 5,176,358.35 | |
6.66% Commercial Fixed | | October 15, 2007 | | April 15, 2011 - April 15, 2020 | | $ | 7,149,017.14 | |
6.75% Commercial Fixed | | July 31, 2008 | | April 15, 2011 - April 15, 2020 | | $ | 15,640,159.99 | |
6.50% Commercial Fixed | | September 16, 2008 | | April 15, 2011 - April 15, 2020 | | $ | 10,183,541.29 | |
7.89% Commercial Fixed | | December 15, 2009 | | April 15, 2011 - April 15, 2020 | | $ | 3,574,509.28 | |
5.34% Commercial Fixed | | May 15, 2007 - October 15, 2007 | | April 15, 2011 - April 15, 2020 | | SEK | 78,138,936.22 | |
5.64% Commercial Fixed | | October 15, 2007 | | April 15, 2011 - April 15, 2020 | | SEK | 72,922,744.27 | |
6.06% Commercial Fixed | | July 31, 2008 | | April 15, 2011 - April 15, 2020 | | SEK | 150,196,244.47 | |
5.79% Commercial Fixed | | September 16, 2008 | | April 15, 2011 - April 15, 2020 | | SEK | 102,814,799.20 | |
5.45% Commercial Fixed | | December 15, 2008 | | April 15, 2011 - April 15, 2020 | | SEK | 54,323,320.47 | |
5.50% Commercial Fixed | | July 31, 2008 - August 18, 2009 | | April 15, 2009 - October 15, 2018 | | SEK | 107,858,431.76 | |
5.60% Commercial Fixed | | December 15, 2009 | | April 15, 2010 - October 15, 2018 | | SEK | 784,431.31 | |
5.62% Commercial Fixed | | December 15, 2009 | | April 15, 2011 - April 15, 2020 | | SEK | 2,443,413.25 | |
5.335% Commercial Fixed | | April 15, 2009 | | April 15, 2011 - April 15, 2020 | | SEK | 1,983,404.95 | |
5.425% Commercial Fixed | | October 23, 2009 - April 15, 2010 | | April 15, 2011 - April 15, 2020 | | SEK | 20,771,844.44 | |
5.80% Commercial Fixed | | October 23, 2009 - April 15, 2010 | | April 15, 2010 - October 15, 2018 | | SEK | 58,897,200.36 | |
6.30% Commercial Fixed | | December 15, 2009 | | April 15, 2011 - April 15, 2020 | | SEK | 36,402,379.89 | |
5.475% Commercial Fixed | | May 20, 2010 - October 15, 2010 | | April 15, 2011 - April 15, 2020 | | SEK | 27,960,278.29 | |
5.525% Commercial Fixed | | December 13,2010 - April 16, 2012 | | October 15, 2011 - April 15, 2020 | | SEK | 32,110,118.43 | |
5.565% Commercial Fixed | | October 17, 2011 | | April 15, 2012 - April 15, 2020 | | SEK | 41,314,602.12 | |
5.595% Commercial Fixed | | December 7, 2011 - March 20, 2012 | | April 15, 2011 - April 15, 2020 | | SEK | 21,704,914.37 | |
5.575% Commercial Fixed | | December 13, 2010 - April 16, 2012 | | October 15, 2011 - April 15, 2020 | | $ | 1,544,535.38 | |
5.355% Commercial Fixed | | April 6, 2010 | | April 15, 2011 - April 15, 2020 | | $ | 999,150.73 | |
5.47% Commercial Fixed | | March 8, 2010 - October 15, 2010 | | April 15, 2011 - April 15, 2020 | | $ | 1,344,923.16 | |
5.58% Commercial Fixed | | April 6, 2010 | | April 15, 2011 - April 15, 2020 | | $ | 651,246.95 | |
5.695% Commercial Fixed | | March 8, 2010 - October 15, 2010 | | April 15, 2011 - April 15, 2020 | | $ | 876,621.60 | |
5.80% Commercial Fixed | | December 13, 2010 - April 16, 2012 | | October 15, 2011 - April 15, 2020 | | $ | 1,006,729.01 | |
5.905% Commercial Fixed | | October 17, 2011 | | April 15, 2012 - April 15, 2020 | | $ | 1,295,311.40 | |
5.68% Commercial Fixed | | October 17, 2011 | | April 15, 2012 - April 15, 2020 | | $ | 1,987,282.13 | |
5.775% Commercial Fixed | | December 7, 2011 - March 20, 2012 | | April 15, 2011 - April 15, 2020 | | $ | 1,044,032.38 | |
6.00% Commercial Fixed | | December 7, 2011 - March 20, 2012 | | April 15, 2011 - April 15, 2020 | | $ | 680,527.64 | |
| | | | | | | | | |
11
Interest Rate | | Date of Issue | | Maturity Date | | Nominal Amount | |
5.43% Commercial Fixed | | December 7, 2011 - March 20, 2012 | | April 15, 2011 - April 15, 2020 | | £ | 1,534,112.01 | |
1.750% Commercial Fixed | | April 15, 2009 - September 11, 2012 | | April 15, 2011 - April 15, 2020 | | $ | 1,012,873.07 | |
1.158% Commercial Fixed | | April 16, 2012 | | October 15, 2012 - October 15, 2018 | | € | 50,819.88 | |
1.671% Commercial Fixed | | May 8, 2012 - September 11, 2012 | | October 15, 2012 - April 15, 2020 | | £ | 609,074.70 | |
1.525% Commercial Fixed | | May 8, 2012 - September 11, 2012 | | April 15, 2011 - April 15, 2020 | | $ | 1,226,306.62 | |
2.162% Commercial Fixed | | October 23, 2009 | | April 15, 2010 - October 15, 2018 | | SEK | 660,289.03 | |
2.287% Commercial Fixed | | May 8, 2012 - September 11, 2012 | | October 15, 2012 - April 15, 2020 | | SEK | 17,924,099.57 | |
| | | | | | | | | |
Note:
Commercial Interest Reference Rate (CIRR). The CIRR is determined monthly by the OECD and published on the 14th day of each month. Each CIRR is fixed based on the previous 30-day treasury rate of each currency.
Source: National Treasury.
Total External Debt by Currency as of March 31, 2017
Euro | | € | 571,635,718.53 | |
Pound Sterling | | £ | 17,855,822.44 | |
Swedish Krona | | SEK | 2,080,647,032.22 | |
US Dollars | | $ | 14,622,224,908.84 | |
Yen | | ¥ | 60,423,360.00 | |
| | | | | |
Source: National Treasury.
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